
Virginia, the “Mother of Presidents”, was home to eight of our nation’s presidents including: George Washington, Thomas Jefferson, and James Madison. Virginia was the place of settlement for the first New World Engish colony. Virginia has the oldest legislature in America and in 2007 celebrated its’ quadricentennial year. The economy in Virginia is supported by various divisions such as military facilities, agriculture, and federal agencies such as the headquarters for the department of the CIA. When working with a government agency many individuals and businesses are required to become bonded. Bonding Solutions is a bonds only agency and has experience writing surety bonds for over 30 years.
There are thousands of surety bonds available to those in the state of Virginia. It is important to understand what type of bond you are required to attain. When pricing a surety bond there are several factors that influence the rate; the type and requirements of the bond has an effect, along with the risk of the bond market. A lower risk bond can range from a 1-3% premium of the bond amount. When getting into a higher risk market the premium may increase to 5-20%. Another factor that plays into the rate is your credit score, therefore it is important to know your credit history when applying for a bond. Bonding Solutions can find you a bond at a competitive rate even if you have been denied before.