This bond is required for anyone who drills water wells professionally in Kentucky. The state requires it to protect property owners and the public. If a well driller does poor work, violates state regulations, or fails to complete a job properly, a customer can file a claim against this $5,000 bond to recover financi…
Overview
What it is.
This bond is required for anyone who drills water wells professionally in Kentucky. The state requires it to protect property owners and the public. If a well driller does poor work, violates state regulations, or fails to complete a job properly, a customer can file a claim against this $5,000 bond to recover financi…
Who usually needs it
Kentucky certified water well drillers—specifically individuals certified under KRS Chapter 223 to construct, alter, repair, or drill water wells—must obtain this $5,000 bond as a condition of certification and licensure. The bond must be in the driller's name (not company name) and is required for anyone filing an application for certification with the sta…
Pricing & timing
What to expect.
Generic pricing
Performance bonds guarantee that a contractor will complete a project according to the contract terms. Typical Pricing:. • Small contracts: Commonly around 1–5% of the contract value (one-time upfront premium). • Larger contracts: Rates generally scale lower as contract size increases. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. • Full underwriting required: Credit, financials, experience, and bon…
Typical timeframe
Full underwriting required — typically 3–5 business days
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateKYBond amount$5,000ObligeeState of KentuckyBond classPerformance BondCategoryConstructionBondKentucky Water Well Drillers Performance BondJurisdictionStatePlain descriptionThis bond is required for anyone who drills water wells professionally in Kentucky. The state requires it to protect property owners and the public. If a well driller does poor work, violates state regulations, or fails…Who needs this bondKentucky certified water well drillers—specifically individuals certified under KRS Chapter 223 to construct, alter, repair, or drill water wells—must obtain this $5,000 bond as a condition of certification and licensur…
