A Kentucky health spa bondis one of several prerequisites for operating a spa in the Kentucky. The state statute defines a “health spa” as an establishment, except those defined as nonprofit organizations under 26 U.S.C. sec. 509(a), which provides for profit as one of its primary purposes, services or facilities which purport to improve the user’s physical condition or appearance through participation in sports activities, fitness training, exercise, or body building (KRS 367.900). The term includes establishments that offer access to any of the following facilities: gymnasiums, swimming pools, tracks, ball courts, weight lifting equipment, exercise equipment or facilities, saunas, steambaths, or whirlpools. It does not include establishments that limit their services primarily to diet counseling and the provision of special dietary foods. The Kentucky health spa bond must be filed with the Kentucky Attorney General and is to be held for compensation to any member who suffers loss of money paid due to the insolvency of the health spa, cessation of operation of the health spa, or failure of the health spa to open for business within ninety (90) days from the sale of the first contract. The Kentucky health spa bond must be written in an amount determined by the number of current, unexpired contracts that the spa has in effect, as follows per Kentucky statute: 150 or fewer contracts, $10,000; 151 to 300 contracts, $25,000; 301 or more contracts, $50,000. Kentucky surety leader, Surety One, Inc., offers this class of surety bond to all health spa and private health club applicants regardless of credit. We offer superlative fidelity bond coverages to protect against employee dishonesty as well. Visit SuretyOne.com, call (787) 333-0222 or (800) 373-2804, or email Underwriting@SuretyOne.com for an Kentucky health spa bond application or information about any surety need.
