Virginia transportation of property bonds.
$250 flat.
A broker for the transportation of property — who arranges shipments between Virginia property carriers — must keep a $25,000 bond on file with DMV Motor Carrier Services (form OA 437). Ours is $250 flat, the price our carrier rate book sets for this bond, and no credit check.
Trusted by industry leaders
How much does a Virginia transportation of property bond cost?
$250 at the $25,000 amount, the same for every applicant.
Three steps. One sitting.
License bonds are the simplest thing in surety. Here's the entire process:
Apply online
Business details and an effective date. That is the application. No credit check.
Pay & e-sign
License bonds like this are among the thousands of bond types that issue right after purchase.
File with DMV Motor Carrier Services
Your executed bond (form OA 437) arrives by email, ready to file with your property broker application. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
A broker for the transportation of property arranges shipments without operating the trucks — connecting shippers with Virginia-authorized property carriers. The Virginia DMV licenses these brokers and requires a $25,000 bond or letter of credit on file with Motor Carrier Services as a condition of the license.
It's a three-party arrangement: you (the principal), the surety carrier, and the Commonwealth of Virginia (the obligee), with shippers and carriers as the protected parties. If a broker fails to pay a carrier or otherwise violates the motor carrier laws, the harmed party can recover against the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond is filed on form OA 437, and a property broker may not arrange the transportation of household goods (that is a separate authority).
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 $25,000 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; a longer term is the same price per year, chosen at checkout.
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 Motor Carrier Services. Your executed bond (form OA 437) arrives by email, ready to file with your property broker application. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $250 at the $25,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
One application, issued instantly.
These are the actual issuing fields. No credit check.
Start the application →Common questions.
Other Virginia bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your DMV broker license today.
$250 flat, no credit check, bond often issued in the same sitting. Free until issued.