Kentucky Athletic Commission | $5,000 Athletic Commission Surety Bond
Also known as: athletic commission bond
Type of Bond
A Kentucky Athletic Commission bond refers to a type of surety bond that may be required for individuals or organizations involved in the sports and athletic industry within the state of Kentucky. The purpose of a Kentucky Athletic Commission bond is to provide financial protection to the state, participants, and stakeholders involved in athletic events by ensuring that the bonded party complies with applicable laws, regulations, and licensing requirements. By obtaining this bond, the bonded party assures the state and participants that they will operate their athletic events or activities in accordance with the established rules and regulations governing the sports industry. This includes adhering to safety standards, obtaining necessary permits and licenses, following fair competition practices, and handling funds responsibly. If the bonded party fails to fulfill their obligations, violates any laws or regulations, or causes harm or financial losses to participants or stakeholders, a claim can be made against the bond. If the claim is valid, the bond provides financial compensation to cover the damages or losses incurred by the affected parties. The purpose of the Kentucky Athletic Commission bond is to protect the interests of participants, ensure fair and safe athletic events, and maintain the integrity of the sports industry. It promotes accountability, transparency, and ethical conduct in athletic activities. The bond provides a form of recourse for the state or affected parties to seek compensation in case of non-compliance, negligence, or breaches by the bonded party. It contributes to the overall trust and reliability of athletic events in Kentucky.
Program
The price you'll pay for your $5,000 Athletic Commission Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!
We provide all types of $5,000 Athletic Commission Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.
Application
The application process for a $5,000 Athletic Commission Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Athletic Commission Bond Application process.
The Kentucky Athletic Commission Bond amount is currently set at $5,000.
Obligee Information
An obligee is the entity that is requiring you to have the Athletic Commission bond.
For your convenience you can view a sample copy of the Kentucky Athletic Commission Bond Form.
Obligee: Commonwealth of Kentucky
State: Kentucky
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!