Virginia Personal Representative Bond

Virginia Personal Representative Bond

Probate is the legal process of distributing a person’s property after they pass away, ensuring their assets are distributed to the rightful heirs and any outstanding debts are paid. The person who handles this process is called a personal representative, specifically an executor or administrator.

Virginia Code 64.2-504 requires most personal representatives of an estate to post a surety bond with the circuit court before being appointed. The Virginia legislature enacted the surety bond requirement to financially protect the estate's beneficiaries and creditors from any unethical actions of the personal representative.

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Have any questions? Give us a call at (855) 470-0877 and speak to a live Virginia probate bond expert.

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What is the Required Bond Amount?

Virginia Code 64.2-504 states that the bond amount for personal representatives must equal the full value of the estate’s personal property under their control, at a minimum. However, if the decedent’s will allows the personal representative to sell real estate, the bond amount must cover the full value of all personal and real property in the estate. 

The circuit court clerk overseeing your case will set the specific bond amount for each case and can increase or decrease the bond amount upon request of the personal representative, an interested party or at the court’s discretion. 

How Much Does a Virginia Personal Representative Bond Cost? 

The Virginia Personal Representative Bond costs a minimum of $85 per year. Apply online in minutes or call one of our probate bond experts at (855) 470-0877 to find out exactly how much your bond will cost.

  1. Determine the Required Bond Amount

The circuit court clerk sets the bond amount based on the fair market value of the estate’s assets listed on the initial petition for appointment. The bond amount must equal the value of all personal property under the fiduciary's control, at a minimum.

  1. Calculate the Total Cost

Jet Surety charges $85 per year for all personal representative bonds up to $11,000 in size. For each additional $1,000 increase in the bond amount, the bond premium will increase by the corresponding amount outlined in the table below. See the chart below to calculate the price for larger bonds.

Bond AmountAdditional Premium (per $1,000)Bond Cost (1 year)
$0 - $11,000$85 flat rate$85
$11,001 - $50,000$5.00$85 - $250
$50,001 - $200,000$3.75$250 - $813
$200,001 - $500,000$2.50$813 - $1,563
$500,001 - $1,000,000$1.00$1,563 - $2,063
$1,000,000+$0.50$2,063+
Virginia Personal Representative Bond Cost Breakdown

Jet does not require credit checks for applicants with bond sizes under $25,000 or under $50,000 if the applicant has retained an attorney. Personal representatives may also request the court to reimburse the bond premium from estate funds after filing their annual accounting. Call us at (855) 470-0877 for an estimate of how much your probate bond will cost.

What is the Process of Becoming a Personal Representative in Virginia? 

Step 1 – Hire an Attorney

Although not explicitly required, it is highly recommended that personal representatives hire an attorney to assist with the probate process.

Step 2 – Determine Priority

According to VA Code 64.2-502, priority for appointment as a personal representative will be granted to the sole heir of the estate or any heir to the estate who applies and has written renunciations from all other heirs. To qualify for appointment, an individual must be at least 18 years old and be competent to serve as a fiduciary. The circuit court typically looks to appoint an heir in the decedent’s immediate family, such as a surviving spouse or child. Any person nominated as executor in the will has top priority for appointment in a testate administration.

Step 3 – File for Administration with the Court

Anyone seeking to apply for administration of an estate must contact the circuit court in the county where the decedent resided or owned property. A clerk will walk the personal representative through the appointment process, provide them with all required forms, and answer any questions they may have. Applicants must bring the following items to the appointment:

If the personal representative is not a resident of Virginia, they must bring a Virginia resident to either co-qualify or serve as their designated registered agent. The person appointed as personal representative must also take an oath to perform their duties as a fiduciary faithfully. Scroll to the bottom of this page for the list of circuit courts and their contact information.

Step 4 – Purchase a Surety Bond

Unless otherwise exempt, personal representatives must purchase and maintain a surety bond (exemptions outlined below).

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When is a Bond Not Required in Virginia?

According to VA Code 64.2-505, the court may waive the surety bond requirement for personal representatives in Virginia in the following situations:

The circuit court clerk may require a surety bond in any of the above scenarios if they deem it necessary for the protection of the estate. In some cases, they may only require a personal bond with no surety which can be obtained directly from the court.

What is the Purpose of a Virginia Personal Representative Bond?

Virginia requires personal representatives to purchase a surety bond as a prerequisite to being appointed as a fiduciary over an estate. The bond protects the heirs, beneficiaries, and creditors of the estate from financial harm if the personal representative fails to abide by the regulations outlined in VA Code 64.2-500 et seq.

Specifically, the bond protects beneficiaries and creditors if the personal representative fails to adhere to all court orders or mismanages the estate’s assets. In short, the bond is a type of insurance that protects the estate if the personal representative violates their fiduciary duties.

What are the Responsibilities of a Personal Representative in Virginia? 

Personal representatives in Virginia have several key responsibilities in managing the probate process and settling the deceased person's estate. The primary duties are outlined in Title 64.2 of the Virginia Code and include the following:

How Does the Application Process Work with Jet?

Jet’s application process is simple and fast - our goal is to get the fiduciary bonded as quickly as possible so they can focus on their responsibilities. All we need is the bond amount and basic information about the estate.

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Once completed and submitted, you will receive your purchase price immediately or a Jet underwriter will reach out for more information. Some of the factors Jet considers when underwriting these types of bonds:

Applicants for bond limits over $50,000 must submit documentation from the court for review, such as a petition for appointment and the order from the court requiring the bond. If you have any questions about applying, please call our probate underwriters at (855) 470-0877.

How Do You File a Personal Representative Bond with the Circuit Court?

Virginia courts require the surety company to physically sign the probate bond at the courthouse during the formal qualification appointment. Due to this requirement, Jet typically requires an attorney to be hired or retained by the personal representative before issuing a probate bond in Virginia.

Jet (the Surety) and the personal representative must sign the original bond. Jet fills out the bond form, signs as the Surety, and sends the original bond to the representative to sign and file the completed bond with the circuit court. The court may require Jet to verify the authenticity of the bond. Jet will also send the representative an electronic copy of their bond for reference.

Virginia Probate Bond Filing

Important Terms to Know in Virginia Probate

How Do You Renew the Virginia Personal Representative Bond?

Jet will notify the administrator well in advance of the renewal date to ensure timely renewal payment. Jet will notify the attorney (when applicable) and the court if you do not pay for the renewal. If an attorney is involved, they may decide to pay the renewal bond premium, but the fiduciary must reimburse them. Upon being notified of failing to maintain the bond, the court may schedule a hearing to remove the fiduciary for not meeting court requirements.

How Long Do You Need the Virginia Personal Representative Bond?

The court will release the bond once the personal representative has paid all debts, distributed all assets, and provided a final accounting approved by the court. The personal representative must submit an annual accounting to the court if the estate settlement extends beyond a year.

 
After obtaining the notice of release, the personal representative simply needs to email a copy to [email protected] so that we can cancel the bond and issue any applicable refund due back to the personal representative.

What Actions of a Personal Representative Can Lead to Surety Bond Claims?

Personal representatives have a critical role in the settlement of an estate and are relied on by the heirs, creditors, and the probate court to fulfill these obligations. Anyone appointed as a personal representative must adhere to all court orders and ensure they fulfill all responsibilities outlined in Title 64.2 of the Virginia Code. 

Some examples of potential actions that could cause a claim: 

An heir or creditor to the estate with proven financial damages caused by the personal representative may file a claim against their bond. While most personal representatives act with good intentions, occasional mismanagement or errors in accounting can lead to significant challenges for well-intentioned fiduciaries. To avoid these issues, we highly recommend that personal representatives retain the services of an attorney to assist in managing the case.

What Happens if a Claim Is Filed on the Probate Bond?

Upon receiving court notice of a claim on the bond, Jet has 30 days to pay the claim or ask for additional time to review it. Jet works tirelessly to protect our clients against faulty claims, so even if the court has requested a bond payout, we assess all documentation provided by the court and the fiduciary before paying out the claim. However, if a claim is valid and Jet pays the claimant, the personal representative must pay Jet back as the representative is ultimately liable for their own actions.

Circuit Court Locations in Virginia

Below is a list of all the circuit courts located in the State of Virginia, as well as their addresses and contact information.

County CourthousePhoneMailing AddressEmail
Accomack County(757) 787-5776P. O. Box 126
23316 Courthouse Avenue
Accomack, VA 23301-0126
[email protected]
Albemarle County(434) 972-4083501 East Jefferson Street
Charlottesville, VA 22902-5110
[email protected]
Alexandria County(703) 746-4044520 King Street
Alexandria, VA 22314
[email protected]
Amelia County(804) 561-2128P. O. Box 237
Courthouse Square
Amelia, VA 23002-0237
[email protected]
Amherst County(434) 946-9321P. O. Box 462
113 Taylor Street
Amherst, VA 24521
[email protected]
Appomattox County(434) 352-5275297 Court Street, Suite B
P. O. Box 672
Appomattox, VA 24522-0672
[email protected]
Arlington County(703) 228-70101425 North Courthouse Road
Arlington, VA 22201
[email protected]
Augusta County(540) 245-5321P.O. Box 689
Staunton, Virginia 24402-0689
[email protected]
Bath County(540) 839-7226P. O. Box 180
Warm Springs, VA 24484-0180
[email protected]
Bedford County(540) 586-7632123 East Main St.
Suite 201
Bedford, VA 24523
[email protected]
Bland County(276) 688-4562612 Main Street, Suite 104
Bland, VA 24315-0295
[email protected]
Botetourt County(540) 473-8274P. O. Box 219
Fincastle, VA 24090-0219
[email protected]
Bristol County(276) 645-7321497 Cumberland Street
Bristol, VA 24201
[email protected]
Brunswick County (434) 848-2215216 North Main Street
Lawrenceville, VA 23868-0160
[email protected]
Buchanan County(276) 935-6567Post Office Box 929
Grundy, VA 24614-7115
[email protected]
Buckingham County(434) 969-4734P. O. Box 107
Buckingham, VA 23921-0107
[email protected]
Buena Vista County(540) 261-86272039 Sycamore Avenue
Buena Vista, VA 24416
[email protected]
Campbell County(434) 592-9517P. O. Box 7
Rustburg, VA 24588-0007
[email protected]
Caroline County(804) 633-5800112 Courthouse Lane, Suite A
Bowling Green, VA 22427-0309
[email protected]
Carroll County(276) 730-3070P. O. Box 218
Hillsville, VA 24343-0218
[email protected]
Charles City County(804) 652-210810780 Courthouse Road
Charles City, VA 23030-0086
[email protected]
Charlotte County(434) 542-5147P. O. Box 38
Charlotte Court House, VA 23923-0038
[email protected]
Charlottesville County(434) 970-3766315 East High Street
Charlottesville, VA 22902
[email protected]
Chesapeake County(757) 382-3000307 Albemarle Drive, Suite 300A
Chesapeake, VA 23322-5579
[email protected]
Chesterfield County(804) 748-1241P. O. Box 125
Chesterfield, VA 23832-0125
[email protected]
Clarke County(540) 955-5116102 N. Church Street
Berryville, VA 22611-0189
[email protected]
Colonial Heights County (804) 520-9364P. O. Box 3401
Colonial Heights, VA 23834-3743
[email protected]
Craig County(540) 864-6141Post Office Box 185
New Castle, VA 24127
[email protected]
Culpeper County(540) 727-3438135 W. Cameron Street
Culpeper, VA 22701-3097
[email protected]
Cumberland County(804) 492-4442P. O. Box 8
Cumberland, VA 23040-0008
[email protected]
Danville County(434) 799-5168401 Patton Street
Danville, VA 24543
[email protected]
Dickenson County(276) 926-1616119 Court House Lane
Clintwood, VA 24228-0190
[email protected]
Dinwiddie County(804) 469-4540P. O. Box 63
Dinwiddie, VA 23841-0063
[email protected]
Essex County(804) 443-3541P. O. Box 445
Tappahannock, VA 22560
[email protected]
Fairfax County(703) 246-41114110 Chain Bridge Road
Fairfax, VA 22030
[email protected]
Fauquier County(540) 422-810029 Ashby Street
Warrenton, VA 20186-3202
[email protected]
Floyd County(540) 745-9330100 East Main St., Room 200
Floyd, VA 24091-0057
[email protected]
Fluvanna County(434) 591-1970P. O. Box 550
Palmyra, VA 22963
[email protected]
Franklin County(540) 483-3065P. O. Box 567
Rocky Mount, VA 24151
[email protected]
Frederick County(540) 667-57705 North Kent Street
Winchester, VA 22601-5037
[email protected]
Fredericksburg  County (540) 372-1066701 Princess Anne Street, Suite 100
Fredericksburg, VA 22401-5916
[email protected]
Giles County(540) 921-1722P. O. Box 502
Pearisburg, VA 24134
[email protected]
Gloucester County(804) 693-25027400 Justice Drive, Room 327
Gloucester, VA 23061
[email protected]
Goochland County(804) 556-5353P. O. Box 196
Goochland, VA 23063
[email protected]
Grayson County(276) 773-2231P. O. Box 130
Independence, VA 24348-0130
[email protected]
Greene County(434) 985-5208P. O. Box 386
Stanardsville, VA 22973-0386
[email protected]
Greensville County(434) 348-4215337 South Main Street
Emporia, VA 23847-0631
[email protected]
Halifax County(434) 476-6211P. O. Box 729
Halifax, VA 24558-0729
[email protected]
Hampton County(757) 727-6105P. O. Box 40
Hampton, VA 23669-0040
[email protected]
Hanover County(804) 365-61517530 County Complex Road
Hanover, VA 23069-0039
[email protected]
Henrico County (804) 501-42024309 East Parham Road
Henrico, VA 23273-0775
[email protected]
Henry County(276) 634-48803160 Kings Mountain Rd.
Martinsville, VA 24112-3966
[email protected]
Highland County(540) 468-2447P. O. Box 190
Monterey, VA 24465-0190
[email protected]
Hopewell County(804) 541-2239100 E. Broadway, Room 251
Hopewell, VA 23860-2715
[email protected]
Isle of Wright County(757) 365-6233P. O. Box 110
Isle of Wight, VA 23397-0110
[email protected]
James City County(757) 564-23795201 Monticello Avenue
Williamsburg, VA 23188-8218
[email protected]
King George County(540) 775-33229483 Kings Highway, Suite 3
King George, VA 22485-3444
[email protected]
King William County(804) 769-4936351 Courthouse Lane, Suite 130
King William, VA 23086
[email protected]
King and Queen County(804) 785-5984P. O. Box 67
King And Queen, VA 23085-0067
[email protected]
Lancaster County(804) 462-5611Post Office Box 99
Lancaster, VA 22503
[email protected]
Lee County(276) 346-776333640 Main Street
Jonesville, VA 24263-0326
[email protected]
Loudoun County(703) 777-0270P. O. Box 550
Leesburg, VA 20178
[email protected]
Louisa County(540) 967-5312100 W. Main Street
Louisa, VA 23093-0037
[email protected]
Lunenburg County(434) 696-213211435 Courthouse Road
Lunenburg, VA 23952
[email protected]
Lynchburg County (434) 455-2620P.O. Box 4
Lynchburg, VA 24505
[email protected]
Madison County(540) 948-6888P. O. Box 220
Madison, VA 22727-0220
[email protected]
Martinsville County(276) 403-5106P. O. Box 1206
Martinsville, VA 24114-1206
[email protected]
Mathews County(804) 725-255010622 Buckley Hall Road Suite A
Mathews, VA 23109
[email protected]
Mecklenburg County(434) 738-6191 P. O. Box 530
Boydton, VA 23917-0530
[email protected]
Middlesex County(804) 758-5317P. O. Box 158
Saluda, VA 23149
[email protected]
Montgomery County(540) 382-576055 East Main Street, Suite 1
Christiansburg, VA 24073
[email protected]
Nelson County(434) 263-702084 Courthouse Square, 1st Floor
Lovingston, VA 22949-0010
[email protected]
New Kent County(804) 966-952012001 Courthouse Circle
New Kent, VA 23124-0098
[email protected]
Newport News County(757) 926-85612500 Washington Avenue
Newport News, VA 23607-4307
[email protected]
Norfolk County(757) 389-8942150 St. Paul's Boulevard, 7th Floor
Norfolk, VA 23510-2773
[email protected]
Northampton County(757) 678-0465P. O. Box 36
Eastville, VA 23347-0036
[email protected]
Northumberland County(804) 580-3700220 Judicial Place
Heathsville, VA 22473-0217
[email protected]
Nottoway County(434) 645-9043P.O. Box 25
Nottoway, VA 23955-3619
[email protected]
Orange County(540) 672-6162P. O. Box 230
Orange, VA 22960-0133
[email protected]
Page County(540) 743-4064116 South Court Street, Suite A
Luray, VA 22835-1200
[email protected]
Patrick County(276) 694-7213101 W. Blue Ridge Street
Stuart, VA 24171-1577
[email protected]
Petersburg County(804) 733-23677 Courthouse Avenue
Petersburg, VA 23803
[email protected]
Pittsylvania County (434) 432-7887P.O. Box 31
Chatham, VA 24531-0031
[email protected]
Portsmouth County(757) 393-8671P. O. Box 1217
Portsmouth, VA 23705-1217
[email protected]
Powhatan County(804) 598-56603880 Old Buckingham Road, Ste C
Powhatan, VA 23139-0037
[email protected]
Prince Edward County(434) 392-5145P. O. Box 304
Farmville, VA 23901-0304
[email protected]
Prince George County(804) 733-26406601 Courts Drive
Prince George, VA 23875-0098
[email protected]
Prince William County(703) 792-60159311 Lee Avenue
Manassas, VA 20110
[email protected]
Pulaski County(540) 980-782545 Third Street NW, Suite 101
Pulaski, VA 24301
[email protected]
Radford County(540) 731-3610619 Second Street, West
Radford, VA 24141
[email protected]
Rappahannock County(540) 675-5350P. O. Box 517
Washington, VA 22747-0517
[email protected]
Richmond County(804) 646-6505400 North Ninth Street
Richmond, VA 23219
[email protected]
Roanoke County (540) 387-6205305 E. Main Street
Salem, VA 24153-1126
[email protected]
Rockingham County(540) 564-311180 Court Square
Harrisonburg, VA 22802
[email protected]
Russell County(276) 889-802383 East Main Street
Lebanon, VA 24266-0435
[email protected]
Salem County(540) 375-30672 East Calhoun Street
Salem, VA 24153-7933
[email protected]
Scott County(276) 386-3801202 West Jackson Street, Ste 102
Gate City, VA 24251-3012
[email protected]
Shenandoah County(540) 459-6150112 South Main Street
Woodstock, VA 22664-1423
[email protected]
Smyth County(276) 782-4044109 West Main Street, Suite 1081
Marion, VA 24354
[email protected]
Southampton County(757) 653- 2200P.O. Box 190
Courtland, VA 23837
[email protected]
Spotsylvania County(540) 507-76009107 Judicial Center Lane
Spotsylvania, VA 22553-0096
[email protected]
Stafford County(540) 658-87501300 Courthouse Road
Stafford, VA 22555-0069
[email protected]
Staunton County(540) 332-3874113 East Beverley Street
Staunton, VA 24401-4390
[email protected]
Suffolk County(757) 514-7800150 North Main Street
Suffolk, VA 23439-1604
[email protected]
Surry County(757) 294-316128 Colonial Trail, East
Surry, VA 23883
[email protected]
Sussex County(434) 246-1012P. O. Box 1337
Sussex, VA 23884
[email protected]
Tazewell County (276) 385-1222135 Court Street, Suite 202
Tazewell, VA 24651-1071
[email protected]
Virginia Beach County(757) 385-88312425 Nimmo Parkway
Building 10 & 10B, 3rd Floor
Virginia Beach, VA 23456-9017
[email protected]
Warren County(540) 635-24351 East Main Street
Front Royal, VA 22630-3313
[email protected]
Washington County(276) 676-6224189 East Main Street
Abingdon, VA 24210-2838
[email protected]
Waynesboro County(540) 942-6616250 South Wayne Avenue, Ste 202
Waynesboro, VA 22980-0910
[email protected]
Westmoreland County(804) 493-0108P. O. Box 307
Montross, VA 22520-0307
[email protected]
Winchester County(540) 667-57705 North Kent Street
Winchester, VA 22601
[email protected]
Wise County(276) 328-6111206 East Main Street
Wise, VA 24293-1248
[email protected]
Wythe County(276) 223-6050225 S. Fourth Street
Room 105
Wytheville, VA 24382
[email protected]
York County(757) 890-3350300 Ballard Street
Yorktown, VA 23690-0371
[email protected]
Virginia Circuit Court Locations and Contact Information

Virginia Personal Representative Bond Form
Virginia Personal Representative Bond Form

Notary Bond Application:

Business Information:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Employee Dishonesty Bond Application:

Business Information:

Business Description:

Coverage Requirements:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Contract Bond Application:

Business Information:

Owner Information:

Job Details:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Worker's Compensation Application:

Business Information:

Business Description:

Coverage Requirements

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information: