What Is a Kansas Surety Bond?
Many Kansas businesses, as well as individuals in certain positions, need to get a Kansas surety bond to comply with the law.
Surety bonds serve an important purpose: to protect the state and the general public from unlawful activities. When you get bonded, there are three parties involved. Your business (or yourself) is the principal required to obtain the bond. The authority that asks for the bond is the obligee. Finally, the surety is the entity that underwrites the bond and provides backing for you.
The three main types of Kansas surety bonds that you are likely to need include:
License bonds are needed when you want to obtain a professional license to operate legally. Typically, freight brokers, auto dealers, mortgage brokers, and similar professions are required to get such a bond. It guarantees their legal compliance.
Contract bonds are often required from construction contractors when they want to participate in public or private projects. The bonds safeguard the interests of the project owner, guaranteeing that contractors will complete the work on time and up to quality standards.
- More rarely, a Kansas court may ask you to post a court bond. The typical cases when you would need this type of bond are if you are appointed as a fiduciary, or if you are appealing a court case to a higher instance.
Ready to start your bonding process? Find your Kansas surety bond in the table below. You can also find the full list of bonds at the end of the page.
For any questions, call us at (877) 514-5146. Lance Surety Bonds’ experts are always here to help.
Most Popular Surety Bonds in Kansas
Kansas auto dealers are asked to post a $30,000 auto dealer bond to comply with state regulations.
If you want to do business involving liquor in Kansas, you will need to obtain a $1,000 liquor tax bond and present it to the Kansas Department of Revenue.
Lenders and mortgage brokers in Kansas need to post a $100,000 bond, plus $25,000 for each additional business location. The maximum bond amount is $300,000.
Kansas investment advisors need to present a minimum bond of $35,000 to the Kansas Office of the Securities Commissioner.
Just like in all other states, Kansas freight brokers have to post a $75,000 freight broker bond.
Some water and gas suppliers in Kansas require their clients to post a utility bond before they can use their services. Bond amounts are set on a case-by-case basis.
Frequently Asked Questions
How much does a Kansas surety bond cost?
Your Kansas surety bond cost depends on the amount that you are required to post. This amount can be the same across the country, can vary based on your location, or can even be determined individually.
Your bond price is called the bond premium, and it is not the same as the bond amount. It’s only a few percentage points of it, usually between 1% and 4% if you quality for the standard bonding market.
When you apply for a bond, your surety examines your personal and business finances, including your credit score and assets. It assesses the risk of getting you bonded. Your bond premium is lower when your finances are solid.
Can I get a Kansas surety bond with bad credit?
Because of our extensive experience finding bonds for all types of businesses and individuals, here at Lance Surety Bonds, we know that getting bonded with bad credit can be tough. Our Bad Credit Program is designed to help out in these situations.
For applicants with a low credit score, liens, past bankruptcies or civil judgments, the bond premiums are in the range of 5%-15%. While the percentages are slightly higher, the program is a great opportunity to get the bond you need, even with financial difficulties. Our partnerships with numerous A-rated, T-listed surety companies allow us to choose the best bonding rate for your particular case.
How do I get bonded in Kansas?
Apply online today for your free Kansas surety bond quote. Complete the full application to get an exact price in no time.
Lance Surety Bonds’ experts are here to help. Call us at (877) 514-5146 and we will assist you with your application, or answer any questions you might have.
Our How to Get Bonded page offers an excellent overview of the bonding process.
Find Your Kansas Surety Bond
|Contractor License Performance & Payment (Local) Bond||Roofing Contractor License Bond||City of Colby||Apply Now|
|Investment Advisor (Blue Sky) Bond||Uniform Surety Bond Form||Securities Commissioner||Apply Now|
|Debt Consolidators Bond||Surety Bond Credit Services Organization||Office of the State Bank Commissioner||Apply Now|
|Mortgage Broker (1st & 2nd Mortgages) Bond||Supervised Lender or Mortgage Company||Office of the State Bank Commissioner||Apply Now|
|Mortgage Lender/Banker (1st & 2nd Mort.) Bond||Supervised Lender or Mortgage Company||State Bank Commissioner||Apply Now|
|Small Loan Companies Bond||Surety Bond Supervised Lender or Mortgage Company||Kansas State Banking Commission||Apply Now|
|Title Insurance Agents & Escrow Officers Bond||Escrow, Settlement or Closing Accounts||Commissioner of Insurance||Apply Now|
|Auto & Mobile Home Dealers (New & Used) Bond||Motor Vehicle Dealer||Department of Revenue - Division of Vehicles - Dea||Apply Now|
|Auto & Mobile Home Dealers (Used Only, No New) Bond||Motor Vehicle Dealer||Department of Revenue - Division of Vehicles - Dea||Apply Now|
|Sport Permits Bond||Professional Boxing, Kickboxing & Full Contract Ka||Kansas Athletic Commission||Apply Now|
|Professional Licenses (All Other) Bond||Health Care Card Supplier Bond||Kansas Office of the Secretary of State||Apply Now|
|Schools (All) Bond||Truck Driving School||Kansas Board of Regents||Apply Now|
|Schools (All) Bond||Private or Out-Of-State Institutions||Kansas Board of Regents||Apply Now|
|Schools (All) Bond||Private School License Bond||Kansas Board of Regents||Apply Now|
|Alcohol (Retailers) Bond||Liquor Drink Tax Bond||Department of Revenue, Customer Relations, Miscell||Apply Now|
|Alcohol (Retailers) Bond||Liquor Licenses Bond||Department of Revenue - Alcoholic Beverage Control||Apply Now|
|Cigar/Cigarette & Tobacco Tax Bond||Tobacco Products Distributor's Tax Bond||Kansas Department of Revenue||Apply Now|
|Utility Deposit Bond||The Empire District Company||The Emipre District Company||Apply Now|
|Utility Deposit Bond||Westar Energy Electric Utility Service Bond||Westar Energy, Inc.||Apply Now|
|Money Transmitter Bond||Money Transmitter Bond||OFFICE OF THE STATE BANK COMMISSIONER||Apply Now|
|Non-Construction Performance Bond||Permit for Cleanup and Closure||Department of Health and Environment||Apply Now|