Wyoming Surety Bonds

Surety Bond Requirements in WY

Operating a business in any state involves certain licensing requirements. This includes submitting a surety bond to your regulatory authority. The state of Wyoming has a number of surety bond requirements for different industries.

Contractor’s license bonds are regulated at the local level, so the amount and cost will vary depending on where you operate. However, other common bonds are regulated by the state.

NNA Surety Bonds carries five of the most popular surety bonds in Wyoming. With over 60 years of industry experience, our specialists can help you select the bond you need to keep your business in compliance with licensing requirements.

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We offer the following surety bonds in the state of Wyoming:

Appraisal Management Company (AMC) Bond

Appraisal management companies need to abide by the Wyoming Appraisal Management Company Registration and Regulation Act. A surety bond helps guarantee to your clients and the state that you will follow these regulations. The required bond amount is $25,000 with a $250 annual premium.

Collection Agency Surety Bond

To operate a collection agency in the state, you must file a $10,000 bond for each licensed location with the Wyoming Collection Agency Board. This bond assures clients that you are following all state requirements and take your legal obligations seriously. The annual premium for this type of bond is $100.

Contractor’s License Bond

If you work as an independent contractor or operate a construction business, you will need a contractor license bond. This includes electrical contractors, plumbers, residential builders and more. Note that bond amounts are determined at the local level (city or county), so you should check with the jurisdiction where you’ll be operating.

Mortgage Broker Surety Bond

Wyoming mortgage brokers must obtain a surety bond in the amount of $25,000, for an annual premium of $188. The Department of Audit’s Division of Banking requires this bond to ensure that all brokers abide by the Wyoming Residential Mortgage Practices Act.

Motor Vehicle Dealer Bond

Every motor vehicle dealer needs to submit a $25,000 bond to the Wyoming Department of Transportation each year. This protects your clients and assures them that you will follow all laws and regulations. The cost for this bond is $250 per year.

Wyoming Surety Bond Costs
Bond Name Coverage Amount Cost
(Annual Premium)
Regulatory Authority
Appraisal Management Company Bond $25,000 $250 Wyoming Certified Real Estate Appraiser Board
Collection Agency Bond $10,000 $100 Wyoming Collection Agency Board
Contractor's License Bond Varies Varies* Cities and municipalities
Mortgage Broker Bond $25,000 $188 Wyoming Department of Audit - Division of Banking
Motor Vehicle Dealer Bond $25,000 $25,000 Wyoming Department of Transportation

* Cost can vary depending on the bond amount required and your credit rating

NNA Surety Bonds can provide fast, accurate quotes for professionals in the state of Wyoming. Let us guide you through the bonding process and help you determine what coverage your business requires. Contact our specialists to get started.

For faster service, call us at 855-215-2160
Monday to Friday, 6 a.m. to 5 p.m. (PT)

Providing Bonds and Insurance Since 1957