BVU Authority deposit bonds.
From $100.
No credit check up to $15,000. Instead of tying up cash, the account holder can ask BVU to accept a surety bond for the same amount. Pricing is 2% of the bond amount, $100 minimum.
Trusted by industry leaders
How much does a BVU Authority deposit bond cost?
2% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No underwriting queue for the standard utility deposit bond — enter your amount, pay, and deliver to BVU Authority. Here is the whole thing:
Apply online
Your business details, your BVU account and service location, the deposit amount BVU set, and the effective date — that is the application.
Issued on the spot
The bond issues the moment you pay — no credit check up to $15,000.
Deliver to BVU Authority
Submit the executed bond to BVU Authority to satisfy your deposit requirement. Wet-ink originals mailed on request.
What it is and who needs it.
What the utility deposit bond actually does
BVU Authority is the political subdivision that operates Bristol, Virginia’s municipally owned electric, water, and telecommunications systems. No credit check up to $15,000. A surety bond in place of that cash deposit lets a customer satisfy the requirement without fronting the funds.
The bond is a guarantee to BVU Authority that your account charges will be paid. If the account is closed with an unpaid balance, BVU can recover against the bond up to the deposit amount, rather than against a cash deposit it would otherwise hold.
It is not insurance for you — if the surety pays BVU Authority, you repay the surety. The advantage is cash flow: you pay a small premium instead of locking up the full deposit with the authority. Enter the figure BVU set and see your exact price — the bond issues the moment you pay, with no credit check up to $15,000.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
Deliver to BVU Authority. Submit the executed bond to BVU Authority to satisfy your deposit requirement. Wet-ink originals mailed on request.
What sets the price
The premium is 2% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $15,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued on the spot.
Submit the application with the deposit amount BVU Authority set — the executed bond is generated instantly, ready to deliver.
Start the application →Common questions.
Other Virginia bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Free up cash instead of leaving it on deposit.
Rated at 2% of the bond amount, $100 minimum. Enter the figure BVU Authority set and deliver the executed bond the same day.