The State of Kentucky Department of Agriculture requires this surety bond under KRS 251.451. This bond states that the bondholder will have adequate combustion, fire, lightning, and tornado insurance to cover less upon all grain marketed. The required bond amount varies—it has a minimum of either $25,000 or $0.25 per bushel of the total maximum bushel capacity of the warehouse, whichever is greater, and a maximum amount of $1,000,000.
To Get a Kentucky Public Grain Dealer and/or Warehouseman’s Bond:
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.