Kentucky Surety Bonds

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Required Surety Bonds in Kentucky

Typical Kentucky bonds include (click on any for more info):

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Required Surety Bonds in Kentucky

All Kentucky surety bonds can be categorized as one of the following: construction and contractor bonds, license and permit bonds, or court bonds.

Kentucky Construction & Contractor Bonds

Kentucky requires contractors to purchase surety bonds as a condition of bidding on or being awarded a contract for a public works project over a certain dollar amount. There may be a similar requirement for municipal public works projects. Most commonly, the specific bonds required are bid bonds, performance bonds, and payment bonds.

Kentucky License & Permit Bonds

Kentucky has a complex system of occupational licensing involving two dozen regulatory boards operating under the auspices of the Kentucky Department of Professional Licensing. In many cases, purchasing a license and permit bond is required as part of the licensing process. The state of Kentucky doesn’t issue licenses to general contractors. Only plumbers, electricians, and HVAC professionals are licensed at the state level. However, many Kentucky counties and municipalities do require contractors to obtain a local license before bidding or working on any public works project.

Kentucky Court Bonds

Anyone appealing the decision of a Kentucky court can be required by that court to obtain an “appeals” bond, especially when the case involves contested property or a large award for damages. The other type of surety bond sometimes required by Kentucky courts is a “probate bond.” This is a bond required of people named to serve in a fiduciary role to manage the assets of others, such as the executor of an estate or guardian of a minor.

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