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Wyoming
Service Contract Provider Bond

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Coverage Amount: $25,000 - $100,000
Term Length: 1 year
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Wyoming Service Contract Provider Bond Guide

In Wyoming, service contract providers must file a surety bond to register with the Commissioner of Insurance.

Bond Overview

  • Purpose: To ensure service contract providers uphold state regulations and client contracts
  • Who Needs It: Businesses offering extended service contracts in Wyoming
  • Regulating Body: The Commissioner of Insurance
  • Required Coverage: $25,000–$100,000
  • Premium Rate: 1–5% based on credit score

Learn all about the bond requirements and process in this guide. 

What Is a Wyoming Service Contract Provider Bond? 

This bond ensures that service contract providers in Wyoming comply with state standards and have the financial capacity to fulfill contracts.

The Wyoming Commissioner of Insurance requires this type of commercial surety bond to register with the state. 

How Much Do Service Contract Provider Bonds Cost in Wyoming?

Wyoming service contract provider bonds cost a small percentage of the bond amount, typically 1–5%.

Exact rates vary based on personal credit score. Apply for your free quote now!

Bond Type
$25,000-$100,000Service Contract Provider Bond

SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees. 

Who Needs a Service Contract Provider Bond? 

In Wyoming, you must register with the state before providing contracts for additional maintenance on homes, motor vehicles or consumer goods.

Your bond amount will be 5% of your total contract revenue minus claims paid, with a minimum of $25,000.

How Do I Get My Bond?

SuretyBonds.com provides the fastest and easiest way to get a Wyoming service contract provider bond. Just follow these quick steps: 

  1. Apply: Submit an online quote request form
  2. Quote: Receive your quote within one day
  3. Sign: Complete the indemnity agreement 
  4. Buy: Purchase the bond online 24/7

We’ll email you the bond shortly after purchase. Be sure to file the bond with the Commissioner of Insurance as instructed. 

If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance. 

How Does a Wyoming Service Contract Provider Bond Work? 

As with all surety bonds, a service contract provider bond creates a legal contract between three parties: 

  1. Principal: You, the service contract provider filing the bond
  2. Obligee: The Wyoming Commissioner of Insurance requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding the provisions of Wyoming Statutes Title 26 Chapter 49. 

If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety. 

How Do I Renew My Bond?

These bonds expire annually. To renew your service contract provider bond, simply pay your renewal invoice when prompted. 

We’ll begin contacting you by phone and email 90 days before the expiration date. 

More Resources

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