Regardless of what Kentucky surety bond you need, Lance Surety Bonds has got you covered. Our agents have a wealth of experience in underwriting all types of surety bonds, including mortgage broker bonds, auto dealer bonds, freight broker bonds and other license and permit bonds. Thanks to our A-rated and T-listed surety partners, we can provide high-quality bonds at competitive rates.
In most cases, surety bonds can be compared to insurance. The protection they provide, however, is not for your business, but rather for the people you do business with. In case of a violation or fraud on your part, the affected party can file a bond claim against you. Read our “What is a Surety Bond?” page to learn more about surety bonds. Unlike insurance, surety bonds protect clients and regulating authorities, not your business. In addition, surety bonds differ from insurance in that you are still ultimately liable for any bond claims.
If you know the type of Kentucky surety bond you are looking for, you can apply directly by finding it in the table below. Scroll past the table, for the answers to some frequently asked questions about surety bonds in Kentucky. Can’t find what you’re looking for? Don’t hesitate to call us at (877) 514-5146.
Find Your Kentucky Surety Bond
| Freight Broker Bond (BMC-84) | N/A | FMCSA | Apply Now |
| General license & permit bond (not listed) | N/A | N/A | Apply Now |
| Investment Advisor (Blue Sky) Bond | Investment Advisors | Department of Financial | Apply Now |
| Debt Consolidators Bond | Debt Adjuster | Office of the AG - Consumer Protection Division | Apply Now |
| Insurance Agents/Brokers Bond | Financial Responsibility | Office of Insurance, Agent Licensing Division | Apply Now |
| Mortgage Broker (1st & 2nd Mortgages) Bond | Mortgage Loan Broker | Executive Director, Office of Financial Institutio | Apply Now |
| Mortgage Lender/Banker (1st & 2nd Mort.) Bond | $250K Mortgage Loan Company | Executive Director, Office of Financial Institutio | Apply Now |
| Mortgage Lender/Banker (1st & 2nd Mort.) Bond | $100K Mortgage Loan Company | Executive Director, Office of Financial Institutio | Apply Now |
| Auto & Mobile Home Dealers (New & Used) Bond | Motor Vehicle Dealer | Motor Vehicle Commission | Apply Now |
| Auto & Mobile Home Dealers (Used Only, No New) Bond | Motor Vehicle Dealer | Motor Vehicle Commission | Apply Now |
| Motor Vehicle (Non-Dealer, Not Listed) Bond | Highway Use | Dept. of Vehicle Regulation Div. of Motor Carriers | Apply Now |
| Sport Permits Bond | Boxing and Wrestling Authority Promoter | Kentucky Boxing and Wrestling Commission | Apply Now |
| Health Spas/Health Clubs Bond | Health Club | Attorney General Division of Consumer Protection | Apply Now |
| Professional Licenses (All Other) Bond | Precious Metals Dealer | Lexington Fayette Urban County | Apply Now |
| Professional Licenses (All Other) Bond | Transient Merchant | Office of the Attorney General | Apply Now |
| Professional Licenses (All Other) Bond | Appraisal Management Company | Real Estate Appraisers Board | Apply Now |
| Professional Licenses (All Other) Bond | Buying Club Bond | Office of the Attorney General, Division of Consum | Apply Now |
| Professional Licenses (All Other) Bond | Vacation Club Bond | Attorney General, Div. of Consumer Protection | Apply Now |
| Professional Licenses (All Other) Bond | Precious Metals Dealer License Bond | City of Hardinsburg | Apply Now |
| Professional Licenses (All Other) Bond | Waste Tire Registrants Bond | KY Division of Waste Management | Apply Now |
| Professional Licenses (All Other) Bond | Pawnbroker License Bond | City of Hardinsburg | Apply Now |
| Professional Licenses (All Other) Bond | Service Contract Provider/Obligor Performance Bond | Commonwealth of Kentucky Dept. of Insurance | Apply Now |
| Professional Licenses (All Other) Bond | Performance Agreement for Waste Tire Registrants | Department for Environmental Protection | Apply Now |
| Schools (All) Bond | Blanket Agent | State Board for Proprietary Education | Apply Now |
| Schools (All) Bond | School | Kentucky Proprietary Board Education | Apply Now |
| Transportation Brokers Bond | Vehicle License Bond | Commissioner of Finance | Apply Now |
| Fuel Tax (All Others, Sellers & Users) Bond | Motor Fuel Tax Refund Permit Holder's | Department of Revenue Motor Fuels Tax Compliance | Apply Now |
| Fuel Tax (All Others, Sellers & Users) Bond | Motor Fuels License | KY Dept of Revenue Motor Fuels Tax Compliance | Apply Now |
| Miscellaneous Taxes Bond | KENTUCKY HIGHWAY USE | Commonwealth of Kentucky | Apply Now |
| Utility Deposit Bond | City of Henderson Utility Payment Bond | City of Henderson Utility Commission | Apply Now |
| Money Transmitter Bond | Deferred Deposit Service/Check Cashier | Department of Financial Institutions | Apply Now |
| Telemarketing/Phone Solicitor Bond | Professional Solicitor | State of Kentucky Attorney General | Apply Now |
| Telemarketing/Phone Solicitor Bond | Telemarketing Company Bond | Attorney General | Apply Now |
| Appraisal Management | Appraisal Management Company Bond | Kentucky Board of Real Estate Appraisers | Apply Now |
Questions about Surety Bonds in Kentucky
How much does a Kentucky surety bond cost?
The easiest way to learn about price formation when it comes to surety bonds is to think of it in terms of two numbers. The first one, called the total bond amount, is set by the state, and refers to the penal sum up to which you may have to compensate a claimant if their claim is deemed valid.
When you apply for a bond, the surety provider asks you to pay a bond premium in exchange for underwriting the surety bond you need. The bond premium is a small percentage of the total bond amount, calculated after an evaluation of your personal credit score and financial strength. Good credit applicants normally pay premiums no higher than 4% of the total bond amount.
For a more thorough explanation, check out our page dedicated to surety bond costs.
Can I still obtain a Kentucky surety bond if I have bad credit?
Surety bond companies take your personal credit score as a measure of how likely you are to trigger a claim, and repay any claims you incur. If you have a claim you cannot repay, the bonding company is responsible for paying it, so they don’t want to assume risks which are too high.
However, it’s still possible to obtain a surety bond in Kentucky, even with bad credit. The bonding company compensates for the elevated risk, by increasing the bond premium you have to pay. In case you have a bad credit score, or other credit issues, you can expect premiums of around 5% to 15% of the total bond amount.
How can I get bonded in Kentucky?
Now that you know how how surety bond pricing works, let’s look at how you can obtain a Kentucky surety bond.
Getting bonded is fast and simple, especially with Lance Surety Bonds’ online application.
You submit some information about your business, which takes no longer than a few minutes. After that, we will contact you with a bond quote, and a request to provide the documents we need to finalize your bond application.
When everything is finished, you will receive the original copy of the bond, which you can attach to your business application or wherever required.
Our surety bonds experts are there to provide assistance throughout the bonding process. Just call us at (877)-514-5146 and we’ll be happy to assist.
Types of Surety Bonds in Kentucky
Surety bonds– those in Kentucky included– fall into three main categories:
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License bonds– required for many different businesses, as a prerequisite to obtaining a business license. They offer protection to the state and the business’ clients.
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Construction bonds– needed for work on many large construction projects. A construction bond is a guarantee to the project owner, as well as to subcontractors, laborers, and suppliers, dealing with the general contractor.
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Court bonds– if you are appealing a decision of a Kentucky court, you may be required to post a court bond. Fiduciaries appointed by a probate court are also frequently subject to a court bond requirement.
Most Popular Surety Bonds in Kentucky
Kentucky requires both new and used-car dealers to post a motor vehicle dealer bond, protecting car buyers in the state.
Debt consolidators in Kentucky need this bond to ensure only ethical practices are used in debt consolidation and negotiation.
Liquor-selling businesses need an alcohol bond, guaranteeing that they will pay sales tax to the state.
Telemarketers or phone solicitors need to post a telemarketing bond as a protection against fraud and abuse.
Truck drivers driving in Kentucky need to post this type of bond to guarantee payment of highway use taxes, as well as penalties and interest.
This type of bonds protects mortgage borrowers against fraudulent practices on part of mortgage brokers.
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