Virginia receiver bonds.
Quote on review.
A court-appointed receiver takes control of property the court is protecting. The bond guarantees you’ll discharge your duties faithfully. The court sets the penalty to the value under your control — and we underwrite it. A surety specialist reviews your file and returns a quote, usually within one business day.
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How much does a Virginia receiver bond cost?
It is underwritten. The carrier’s base rate is 0.4% of the bond amount; the underwriter sets your premium from the amount, your credit and any collateral.
Built for the order of appointment.
A receiver gives bond before taking control of the property, so the bond is usually the gating step after appointment. Here is the whole process:
Send us the file
Apply online with the order of appointment, the assets in receivership and their value, and the receiver’s details. The value the receiver will hold drives the penal sum.
A surety specialist underwrites it
A specialist reviews the order, the receiver’s credit and finances, and any collateral, then returns a quote. The penalty is directed by the court — underwriting decides approval and collateral.
Execute & file
Once you bind, we issue the executed bond on the form the court requires with the power of attorney attached, ready to file so the receiver can take control of the assets.
How a receiver bond works, and what to have ready.
Why the court asks for it
A court has appointed you as receiver, or as a master or referee, to take charge of property or a business while a case is decided. The court requires a bond before you take control.
Who it protects
The parties to the case and the court. If you fail to carry out the court's orders faithfully, they can recover the loss from the bond, up to the bond amount.
If there is a claim
The surety pays a valid claim and you repay the surety.
Have these ready
- The order appointing you, with the bond amount
- The court, case number and the parties' names
- A description and estimated value of the property or business you will control
- A short summary of your experience as a receiver or fiduciary
- Your attorney's name and contact details
What it is and who needs it.
What a receiver bond secures
A Virginia court appoints a receiver (or commissioner or special master) to take custody of disputed or distressed property — a business, real estate, or assets — and manage it neutrally while a case proceeds.
The receiver bond guarantees the receiver faithfully discharges the duties of the office: collecting, preserving, accounting for, and distributing the property as the court directs. If the receiver mismanages or misappropriates, the bond makes the estate whole, and the surety looks to the receiver to repay it.
Because the surety stands behind the property the receiver holds, the bond is underwritten on the receiver’s credit and finances, and a large receivership can require collateral. The court directs the penalty and can adjust it as the receivership develops.
You need this bond if you’re
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
Term and renewal are set in the underwriter's quote.
Keep the bond in force for as long as the obligation behind it runs.
How to file it
Execute & file. Once you bind, we issue the executed bond on the form the court requires with the power of attorney attached, ready to file so the receiver can take control of the assets.
What sets the price
This bond is underwritten. The carrier's base rate for this bond is 0.4% of the bond amount; the underwriter sets your final premium from the amount, your credit and any collateral.
The application takes about ten minutes.
These are the actual underwriting fields — the order of appointment, the assets and their value, the receiver, and your finances. Submit once and a surety specialist returns a quote, typically within one business day. Free until your bond is issued.
Start the application →Common questions.
Other Virginia bonds.
The same bond in nearby states.
Requirements checked on the carrier’s application, . Page updated .
Get bonded and take control of the receivership.
Send us the order of appointment and the asset value, and a surety specialist sizes, underwrites, and quotes the bond — typically within one business day. Free until your bond is issued.