KY service contract provider bonds.
$1,000 flat.
Kentucky keeps a service contract out of the insurance code only if the maker registers with the Department of Insurance and proves it can perform — and for almost everyone that proof is a $50,000 performance bond, because the only other accepted showing is a hundred-million-dollar net worth. Ours is $1,000 flat, and the price you see is the checkout price. Any credit screen is a soft pull only — it never affects your score.
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Three steps. One sitting.
Registration is a paperwork exercise; the bond is the part you can finish right now. Here's the entire process:
Apply online
Business details, an effective date, and a term. No audited financials and no net-worth workup — the bond is what stands in for that showing.
Pay & e-sign
This bond is checkout-priced, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.
File with the Department
Your e-signed bond and power of attorney arrive by email, ready to go into your registration filing with the Kentucky Department of Insurance. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Kentucky's insurance code sweeps broadly. Under KRS 304.5-070, a promise to repair, replace, or maintain someone else's property for a separately stated price looks a great deal like casualty insurance — and writing insurance without a certificate of authority is not a paperwork problem. Paragraph (1)(q) carves out the exception this bond serves: a service contract to repair, replace, or maintain consumer products is not insurance if the maker registers with the commissioner and proves it can perform its contracts.
There are exactly two accepted proofs. One is a net worth the commissioner finds sufficient, which 806 KAR 5:060 pegs at a hundred million dollars. The other is an insurance policy or performance bond with an authorized insurer, written for the greater of $50,000 or 25% of your annual Kentucky service-contract revenue. Most makers take the second door, which is why the Department's form names a provider/obligor rather than an insurer.
It is not insurance for you — if the surety pays a contract holder, you repay the surety. And the security has to stay continuous: the bond cannot be terminated on less than 30 days' prior written notice to the commissioner, a contract holder may claim directly against the surety once you have gone 60 days without paying a claim filed with you, and you owe the Department an updated report every March 1 for as long as any Kentucky contract is still running. We track the term and send renewal notices 60 and 30 days out.
You need this bond if you're
One application, issued instantly.
These are the actual issuing fields — business details, an effective date, and a consent that authorizes a soft credit inquiry only.
Start the application →Common questions.
Other Kentucky bonds.
Finish your Department of Insurance registration today.
$1,000 flat for the $50,000 bond, issued the moment you pay, soft pull only. Free until issued.