West Virginia Wage Payment Collection Bond
West Virginia Wage Payment Collection Bond
We write Wage Payment Collection Bonds in West Virginia.
Bond amount varies. Our GOOD CREDIT rate is 2%.
Click for a No Obligation Quote
West Virginia Wage Payment Bonds are required by the West Virginia Division of Labor Capitol Complex. The required bond amount is set by the Obligee. These bonds are required of new businesses and those in business less than 5 years. The State requires that the Surety Bond amount equal the total of your gross payroll for four weeks at full capacity or production. The amount of the bond shall increase or decrease as your payroll increases of decreases.
Most applicants with good credit will qualify for rate indicated. In order to receive your specific quote, we must review your qualifications to determine the lowest possible price. If you have already been declined or nonrenewed by another Surety Company, chances are you will not qualify for this preferred rate.
We have various sureties willing to write bonds for applicants with less than perfect credit, including a special program with very competitive prices for those with just a few credit blemishes.
We find the best possible price for your surety bond given your particular qualifications.
Additional information about this corporate surety bond requirement is as follows:
Obligee - West Virginia Division of Labor Capitol Complex
Bond Amount - Set by the Obligee
Bond Premium - Varies
Renewal Document - None.