Virginia terminal operator bonds.
From $15,000.
A motor-fuel terminal operator in Virginia is licensed and bonded through the DMV under the Fuels Tax Act. Code of Virginia § 58.1-2211 fixes the terminal-operator bond at $2,000,000. Our carrier quotes 0.75% of the bond amount, $15,000, and your exact premium is confirmed in the application. A bond this size gets a quick underwriter review.
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How much does a Virginia terminal operator bond cost?
0.75% of the bond amount, from $15,000 at the $2,000,000 minimum. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
One short application for the $2,000,000 terminal-operator bond — apply, clear a quick underwriter review, pay, and file with DMV:
Apply online
Your business details, the $2,000,000 bond amount, and the effective date — that is the application.
Reviewed, then issued
A $2,000,000 bond gets a quick underwriter review before it issues. Any credit check is a soft pull that never affects your score.
File with DMV
Submit the executed bond with your terminal-operator license. Wet-ink originals mailed whenever DMV insists on them.
What it is and who needs it.
What the terminal-operator bond covers
Virginia taxes motor fuel under the Virginia Fuels Tax Act, administered by the DMV. A terminal operator owns or controls a fuel terminal — a bulk storage and distribution facility — and is licensed and bonded for the tax on fuel that moves through it.
Under Code of Virginia § 58.1-2211, the bond is conditioned on compliance with the Fuels Tax Act and payable to the Commonwealth. Subsection A(1) fixes the amount: $2,000,000 for a terminal operator, the same figure it sets for position-holder suppliers, bonded importers, and permissive suppliers. The statute offers no reduced alternative; a certificate of deposit in the same amount is the only substitute.
The bond stands behind the fuels tax tied to your terminal — if the tax is not remitted, the state can recover against it. Our carrier quotes 0.75% of the bond amount, which is $15,000 at $2,000,000, and an underwriter reviews a bond this size quickly.
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
File with DMV. Submit the executed bond with your terminal-operator license. Wet-ink originals mailed whenever DMV insists on them.
What sets the price
The premium is 0.75% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One short form to apply.
Submit the application for the $2,000,000 bond; an underwriter reviews a bond this size quickly.
Start the application →Common questions.
Other Virginia bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Terminal operator bond, issued today.
From $15,000 for the $2,000,000 bond. Apply online and file with DMV.