Kentucky Transient Merchant Bond Guide
If you’re applying for a transient merchant license in Kentucky, you’ll need this surety bond.
Bond Overview
- Purpose: To hold transient merchants accountable for following local laws
- Who Needs It: All transient merchants working in Kentucky
- Regulating Body: The Commonwealth of Kentucky, Office of the Attorney General
- Required Coverage: $1,000 or 5% of the retail value of all sale items
- Premium Rate: 1–10% based on credit score
Learn all about the bond requirements and process in this guide.
What Is a Kentucky Transient Merchant Bond?
In Kentucky, transient merchant bonds protect the public from unlawful business practices and solicitations.
The bond allows for financial recourse if a transient merchant breaks license regulations or causes other damages.
How Much Do Transient Merchant Bonds Cost?
All transients need a bond for the greater of $1,000 or 5% of the retail value of all sale items. You can expect to pay a small percentage of the total bond amount based on your personal credit score.
Click below to apply for a free quote in minutes!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Do I Get My Bond?
With SuretyBonds.com, you can buy your Kentucky transient merchant bond instantly online. Just enter your information and checkout in minutes.
We’ll mail you the bond via your preferred shipping method. Be sure to file the bond with the city as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Kentucky Transient Merchant Bond Work?
A Kentucky transient merchant bond holds you financially responsible for upholding all applicable local ordinances, codes and laws.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond limit, but you must refund the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your transient merchant bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.