Virginia utility deposit bonds.
From $100.
A Virginia electric, gas or water utility regulated by the State Corporation Commission may ask a new or higher-risk customer for a security deposit, capped at two months’ estimated usage under 20VAC5-10-20. Many let the customer post a surety bond instead of that cash. Pricing is 2% of the bond amount, $100 minimum.
Trusted by industry leaders
How much does a Virginia utility 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 send the bond to your utility. Here is the whole thing:
Apply online
Your business details, the utility that billed you, the deposit amount it set, and the effective date — that is the application.
Issued on the spot
No credit check up to $15,000. Premium is 2% of the bond amount, $100 minimum.
Send it to your utility
Your executed bond and power of attorney arrive by email, ready to submit to the utility in place of a cash deposit. Wet-ink originals mailed on request.
What it is and who needs it.
What the utility deposit bond actually does
Under 20VAC5-10-20, a Virginia public utility regulated by the State Corporation Commission may require a deposit from a customer to protect against an uncollectible account. The rule caps that deposit at the equivalent of the customer’s estimated liability for two months’ usage.
The rule itself sets the cap; it does not require the utility to accept anything other than cash. In practice, many Virginia electric, gas, and water utilities let a commercial or residential customer post the written guarantee of a surety instead of leaving that cash on deposit for months — confirm with the utility that billed you that it accepts a bond before you apply.
It is not insurance for you — if the surety pays your utility on a default, you repay the surety. Ask the utility for the exact deposit figure it calculated, enter it here, and your premium is priced from a $100 minimum 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
Issued on the spot. No credit check up to $15,000. Premium is 2% of the bond amount, $100 minimum.
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.
Submit the application with the deposit amount your utility calculated. 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 .
Skip the cash deposit.
Rated at 2% of the bond amount, $100 minimum, no credit check up to $15,000. Enter the figure your utility calculated and send the bond in today.