Columbia Gas of Virginia deposit bonds.
From $100.
Columbia Gas of Virginia can require a commercial or industrial customer that has not established acceptable creditworthiness to post a security deposit or other financial assurance under its tariff, which lets the customer use a surety bond instead of tying up cash. Pricing is 2% of the bond amount, $100 minimum.
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How much does a Columbia Gas of Virginia 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 payment bond — enter your amount, pay, and deliver to Columbia Gas of Virginia. Here is the whole thing:
Apply online
Your business details, the deposit or assurance amount Columbia Gas of Virginia set, and the effective date — that is the application.
Issued on the spot
No credit check up to $15,000.
Deliver to Columbia Gas of Virginia
Submit the executed bond to Columbia Gas of Virginia to satisfy your tariff deposit or financial-assurance requirement. Wet-ink originals mailed on request.
What it is and who needs it.
What the utility payment bond actually does
Columbia Gas of Virginia’s Virginia Tariff, General Terms and Conditions § 7.2(b), lets the company require a commercial or industrial customer on certain rate schedules to establish credit — and, absent an acceptable level of creditworthiness, to post a security deposit or other financial assurance, which the tariff says may be provided through “a letter of credit or other form of surety.”
The bond is a guarantee to Columbia Gas of Virginia that your gas charges will be paid. If your account is closed with an unpaid balance, the utility can recover against the bond up to the deposit amount, rather than against a cash deposit it would otherwise hold. The tariff caps any deposit or surety at your estimated liability for the two highest months of throughput.
It is not insurance for you — if the surety pays Columbia Gas of Virginia, you repay the surety. The advantage is cash flow: a small premium instead of locking up the full deposit with the utility. Enter the figure Columbia Gas of Virginia set and see your exact price — 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 Columbia Gas of Virginia. Submit the executed bond to Columbia Gas of Virginia to satisfy your tariff deposit or financial-assurance 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 instantly.
These are the actual issuing fields. No credit check up to $15,000.
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 Columbia Gas of Virginia set and deliver the executed bond the same day. Free until issued.