This surety bond is required by the State of West Virginia Division of Labor. This bond is in accordance with the Wage Payment Collection Act and the provisions by Chapter 21, Article 5, Section 14. This bond ensures that every employer, person, firm or corporation engaged in or about to engage in construction work, or the severance, production, or transportation of minerals, shall furnish a bond to protect the wages and benefits of their employees before engaging in these activities. The required bond amount is $5,000 and expires every year on June 30th. The premium on this bond is usually as low as 2%.
To Attain a West Virginia Wage Payment Collection Surety Bond:
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.