Kansas Surety Bonds

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Surety Bond Professionals is a family-owned and operated bonding agency with over 30 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your Kansas surety bond needs.

Required Surety Bonds in Kansas

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

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Required Surety Bonds in Kansas

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

Kansas Construction & Contractor Bonds

The state of Kansas requires the purchase of a Contractor bond, also known as a Kansas Construction bond, by contractors bidding on or being awarded a contract for a public works project funded by taxpayer dollars. Certain municipalities and counties also require such bonds from contractors involved in local public works projects.
The most commonly required contractor/construction bonds are bid bonds, performance bonds, and payment bonds, but contractors may also need to obtain maintenance, supply, or subdivision bonds.

Kansas License & Permit Bonds

Kansas issues a number of different professionals at the state level through bodies such as the Kansas State Board of Technical Professions, Kansas State Board of Healing Arts, Kansas State Board of Accountancy, and Kansas Department of Revenue.
General and specialty contractors are licensed at the city or county level, not by the state. The process varies from one jurisdiction to the next, but in most cases, a contractor’s license bond must be purchased before a contractor begins work on a project.

Kansas Court Bonds

Kansas courts can order plaintiffs or defendants appealing court decisions involving contested property or large damage awards to obtain an appeal bond. They can also order anyone assuming a role with fiduciary responsibility over someone else’s assets, such as an executor of an estate or guardian of a minor, to purchase a type of court bond known as a probate bond.

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Frequently Asked Questions

There are three parties to every surety bond agreement, which is a legally binding contract:

  • The “obligee” is the state or local agency requiring the surety bond.
  • The “principal” is the party required to purchase the bond.
  • The “surety” is the company underwriting and issuing the bond.
  • The obligee sets the required amount of the bond, which is the maximum amount that will be paid out on a claim. The obligee also spells out the conduct required of the principal in order to avoid claims against the surety bond.

Any party who suffers a financial loss because the principal has violated the terms of the bond has the right to file a claim against the bond. The principal is solely responsible for paying all valid claims.

However, the surety will often pay a claim and wait to be reimbursed by the principal. This ensures timely settlement of the claim and gives the principal some time to gather the necessary funds.

What the principal in a bond agreement actually pays for a surety bond is a small percentage of the required bond amount established by the obligee. That percentage, known as the premium rate, is determined by the surety company based on the applicant’s credit score and other indicators of the likelihood of claims being filed against the bond. Those with good credit can expect a rate of 1-3%. Those with poorer credit may pay a higher premium.
No claim against a bond will be paid until the surety company has investigated and determined that it is valid. After making payment to a claimant, the surety company will demand reimbursement from the principal.