Kentucky Promoter | $5,000 Promoter Surety Bond
Also known as: promoter bond
Type of Bond
A Kentucky promoter bond is a type of surety bond required for individuals or businesses involved in promoting or organizing events, such as concerts, festivals, or sporting events, within the state of Kentucky. The purpose of a Kentucky promoter bond is to provide financial protection to event attendees and ensure that promoters fulfill their obligations in accordance with state laws and regulations. The bond serves as a guarantee that the bonded promoter will operate honestly, ethically, and in compliance with the Kentucky Revised Statutes pertaining to event promotions. By obtaining this bond, the promoter assures the Kentucky Office of the Attorney General and the public that they will conduct their promotional activities responsibly. The bond ensures that the promoter will adhere to all applicable laws, honor their contractual agreements with event attendees, and fulfill their financial obligations, such as providing refunds if an event is canceled. If the promoter fails to fulfill their obligations, breaches their contracts, or engages in fraudulent practices, a claim can be made against the bond. If the claim is valid, the bond provides financial compensation to cover any resulting damages or losses incurred by event attendees. The purpose of the Kentucky promoter bond is to protect the interests of event attendees, maintain the integrity of the event promotion industry, and promote accountability and compliance within the field. It ensures that promoters uphold their responsibilities and provides a means of recourse for attendees in case of any violations or failures by the promoter.
Program
The price you'll pay for your $5,000 Promoter 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 Promoter 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 Promoter 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 Promoter Bond Application process.
The Kentucky Promoter Bond amount is currently set at $5,000.
Obligee Information
An obligee is the entity that is requiring you to have the Promoter bond.
Obligee: Commonwealth Of Kentucky
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!