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Kentucky bonds

Kentucky — Labor Cabinet Wage Bond (Continuous)

Prepare the Kentucky employer wage-bond request with the Cabinet's continuous form and full-capacity payroll figure. Purchase Now opens the application.

Term
Continuous

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Recorded state
Kentucky
Bond type
Wage & Fringe Benefits Bond
Category
Employment, wages & benefits

What this bond does

The official form secures the employer's Kentucky Wage and Hour obligations under KRS Chapter 337. It names legally due wages, including overtime and the vested vacation/sick pay described by the form; it is not an employee insurance policy.

Who needs it
The form describes an employer doing business in Kentucky for less than five consecutive years and engaged in construction or the severance, preparation or transportation of minerals. Match the actual Cabinet request; this page does not determine your individual applicability.
Who it protects
The Education and Labor Cabinet of the Commonwealth of Kentucky is the named obligee. This is statutory employer wage security, not a union welfare-fund undertaking or a project completion guarantee.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Understand continuous duration and legal-entity changes

The published form continues until the principal has done business in Kentucky for at least five years, or with the Commissioner's approval upon the sworn cessation-and-paid-wages statement it describes. Liability for obligations incurred while the bond was effective remains. Continuous does not mean a fixed twelve-month term or that stopping work automatically ends every obligation.

The form also requires notice of a legal-entity change and says the surety is not liable for the new entity's obligations without written consent. Bring the current legal business identity rather than assuming an old company's bond automatically carries over.

Sources

Have these ready

  1. Current Cabinet wage-bond request and exact legal employer.
  2. Applicable Kentucky business-history and work information.
  3. Gross payroll at full operating capacity for four weeks and the required aggregate sum.
  4. Required continuous form, effective date and any accepted changes.
  5. Principal/surety execution and Cabinet submission instructions.

Questions about this bond

Is four weeks the bond term?

No. The published form ties its aggregate sum to four weeks of gross payroll operating at full capacity. The recorded option is Continuous; four weeks is not its duration.

Does Continuous mean I can end it whenever work stops?

Follow the form's termination conditions, including its Commissioner-approved sworn cessation/paid-wages route. Obligations incurred while effective are not erased.

Is this a project payment or ERISA fidelity bond?

The Cabinet form concerns Kentucky employer wage-law obligations. Project payment security and protection against dishonest handling of plan assets serve different purposes.

How do I start online?

Purchase Now takes you to Propeller in a new tab. Provide the actual employer and Cabinet request. After issuance, complete required execution and deliver the instrument as directed. Applying does not establish Cabinet acceptance or discharge wage duties.

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