This surety bond is required by the State of West Virginia Department of Tax and Revenue in compliance with the provisions of Chapter 60, Article 8 of the Code of West Virginia. Wine suppliers shall obtain a bond, insurance policy, indemnity contract, or other contract, protecting and indemnifying the state against any and all loss or damage that may be occasioned by the failure of the employee faithfully to perform the duties pertaining to his employment, and to account for, pay over, and deliver to the proper officer or agent of the commission or state all money and other property which may come into his custody or under his control by virtue of his employment. The required bond amount is $5,000 and expires every year on June 30th. The premium on this bond is usually as low as $100.
To Acquire a West Virginia Wine Supplier 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.