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Popular Surety Bonds in Kentucky
Notary Public Surety Bond
Kentucky notaries must maintain a $1,000 (4-year) bond, which protects consumers from any mistakes notaries may make.
Auto Dealer Surety Bond
You’ll need to apply for a license to operate an auto dealership in Kentucky. As part of the licensing process, you must post a surety bond ranging from $25,000 to $100,000.
Highway Encroachment Permit Bond
Before performing construction work near public land, you may need to post a permit bond. This is a type of right-of-way bond.
Kentucky Buying Club Bond
To operate a buying club in Kentucky, you must post a $75,000 surety bond as part of the state licensing process.
Kentucky Probate Bond
Probate bonds ensure that estate representatives remain honest and trustworthy throughout the probate process. You may need this bond if appointed as an administrator or executor.
Fundraiser or Solicitor Bond
Anyone who solicits contributions (for pay) for charitable organizations in Kentucky must be bonded.
Find Your Kentucky Surety Bond
Don’t see the bond you need?
Give us a call at (888) 435-4191 or use our generic form to start your application online. We’ll reach out soon!
What is a surety bond in Kentucky?
A surety bond is a three-party contract between an obligee, a principal, and a surety:
- Obligee: The party that requires the bond
- Principal: The party that purchases the bond and abides by its terms
- Surety: The company that issues the bond and backs it financially
How much does a surety bond cost?
The cost of a bond can vary based on a few factors, including the type of bond, the amount required, your credit score, and finances. Your bond premium will be a small percentage of the total bond amount – typically 1-10%.
Generally, the stronger your credit score, the lower your rate will be. However, we do not need to run your credit in some cases. We can issue some bonds instantly at a flat rate.
Kentucky Surety Bond Requirements
Various businesses, contractors, and other professionals will need surety bonds to operate legally in Kentucky. Many professions that require state, county, or city licenses to work or practice will also require surety bonds.
Here are some examples:
- You may need various construction bonds to work as a contractor.
- You may need a license or permit bond to operate a professional business.
- Or you may need a court bond to fulfill your duties as a fiduciary,.
How to Get a Surety Bond in KY
We’ll help you find the bond you need, complete the application, and be off and running. Call us at (888) 435-4191 or email support@zipbonds.com. We also have Live Chat on our website during working hours. Reach out any time!
About ZipBonds.com
Founders Ryan Swalve and Zach Mefferd formed the vision for ZipBonds.com when they realized how overly complicated it was to help clients place surety. The frustration of being unable to incorporate the technology they’d used in other insurance-focused projects left them thinking “there has to be a better way.”
Fast forward a couple of years, and that better way is the impetus of everything we do at ZipBonds. We constantly look for innovative ways to improve the bonding process for our clients and agents. Our team comprises individuals who understand all angles of surety – for companies, agencies, and individuals. Incorporating everyone’s point of view to improve the process while simultaneously integrating cutting-edge technology is what sets our business apart.