Virginia Board No. 63, Inc. Wage and Fringe Benefit Bond
Overview
Contractors and employers in Virginia who work under agreements governed by Virginia Board No. 63, Inc. are required to carry this Wage and Fringe Benefit Bond before they can operate under that board's jurisdiction. This bond guarantees that covered workers will receive the wages and fringe benefits owed to them under the applicable labor agreement. If an employer fails to pay what workers are legally entitled to, the bond provides a financial remedy. Bond Titan makes it fast and straightforward to get bonded and stay compliant.
Who Needs This Bond?
Signatory contractors, subcontractors, and employers bound by Virginia Board No. 63, Inc. labor agreements need this bond. This includes construction-related businesses that have entered into collective bargaining or similar arrangements administered by Board No. 63 in Virginia. Any employer required by that board to demonstrate financial assurance for wage and fringe benefit obligations must secure this bond before beginning covered work.
What is this Bond For?
This bond protects workers by guaranteeing that their employers will pay all wages and fringe benefits as required under the labor agreement administered by Virginia Board No. 63, Inc. If an employer defaults on those payment obligations, affected workers or the board can make a claim against the bond to recover what is owed. It is a financial guarantee to the board and its members that covered employers will honor their compensation commitments. Without it, an employer cannot operate as a signatory under the board's agreements.
When is it Required?
Before a contractor or employer begins work under a Virginia Board No. 63, Inc. agreement, the board will require proof that this bond is in place. The bond is typically requested during the onboarding or credentialing process when an employer becomes a signatory to the board's labor agreement. Renewal or changes to the underlying agreement may also trigger a requirement to update or replace the bond. Do not wait until work has started — the board expects the bond in hand before covered employment begins.
Where Does it Apply?
This bond applies statewide in Virginia under the authority and requirements of Virginia Board No. 63, Inc. It is not a municipal or county-specific requirement — it applies wherever the board's labor agreements govern employment in the state. Employers operating at job sites throughout Virginia under Board No. 63 agreements are all subject to this bonding requirement.
How to Buy Online
Click 'Buy This Bond Online' on this page and the secure surety portal will open in a new tab, where you can complete your application and purchase immediately. The process is fully online — no agent callbacks, no waiting. Once your bond is issued, you receive your bond documents electronically and can provide proof to Virginia Board No. 63, Inc. right away.
Why Bond Titan?
Bond Titan is powered by The Southern Agency and built for business owners who need a bond now, not next week. Our nationwide catalog includes hard-to-find labor and wage bonds like this one, and the entire purchase happens online without picking up a phone. When the board asks for your bond, Bond Titan is how you respond fast.