Wyoming Surety Bonds

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Required Surety Bonds in Wyoming

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

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Required Surety Bonds in Wyoming

Surety bonds in Wyoming—and every other state—are broadly categorized as one of the following: construction and contractor bonds, license and permit bonds, or court bonds.

Wyoming Construction & Contractor Bonds

Wyoming has its own version of the federal Miller Act that mandates the purchase of performance and payment bonds for federally funded construction projects valued at more than $100,000. Wyoming’s “Little Miller Act” requires the purchase of a surety bond in the full amount of the project for public works contracts valued in excess of $7,500. State-funded projects valued at more than $100,000 require a surety bond (or another acceptable guarantee for at least 50% of the project value).

Wyoming License & Permit Bonds

Wyoming licenses a number of occupations and businesses at the state level. In many cases, purchasing a surety bond is a requirement for licensing. For example, Wyoming requires a license and permit bond from money transmitters, mortgage lenders and brokers, motor vehicle dealers, collection agencies, and more. Some municipalities have their own licensing and bonding requirements for certain types of work.

Wyoming Court Bonds

Throughout the state of Wyoming, courts at any level can require certain individuals to obtain either an appeal bond or a probate bond. Anyone appealing a court decision, particularly one involving contested property or a large damage award, may be required to purchase an appeal bond. And an individual appointed to serve in a fiduciary capacity to manage the finances of another (e.g. the executor of an estate or guardian of a minor) may need to purchase a probate bond.

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