Indiana Surety Bonds

Why Choose SuretyBondsOnline.com for Your Commercial Bond Needs?

• Instant Approval: Get bonded in as little as 2 minutes for many commercial bond types

• Inclusive Underwriting: We help businesses secure bonds even with challenged credit

• Streamlined Online Process: Select, apply, and print your bond certificate in three easy steps

• Nationwide Coverage: Valid commercial bonds for all 50 states, including California, Texas, and Florida

• Competitive Rates: Access multiple A-rated surety companies for the best commercial bond premiums

• Expert Guidance: Dedicated support team with extensive commercial bonding experience

Bond Requirements

Find and apply for Indiana Surety Bonds via your quick, easy application for Indiana businesses and individuals.

Construction Bonds in Indiana

In Indiana, a construction bond is required for contractors before they can start on most public and many private construction projects. The most common types of construction bonds in Indiana are:

• Prequalification Requests or Bondability Letters: The main purpose of a bondability letter is to provide evidence that a contractor has an established relationship with a surety company and has been approved for a certain level of bonding. 

• Bid Bonds: Bid bonds guarantee that a contractor will honor their bid and enter into the contract if awarded the project.

• Performance, Payment, and Maintenance Bonds: The purpose is to guarantee that the contractor will complete the project according to the contract terms and specifications and ensure that subcontractors, suppliers, and laborers are paid for their work and materials.

  Site Improvement / Subdivision Bonds: Guarantee that the developer or contractor will complete improvements to land, such as roads, drainage, or utilities, as required by local authorities or project contracts.

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To get a construction bond in Indiana, you need to provide the following:

1. Proof of a contractor's financial health and stability

2. A completed bond application to evaluate experience and track record

3. Any other documents required by the Surety Company to evaluate the request 

Construction Bond Costs in Indiana: The cost of a construction bond in Indiana is typically 1-3% of the total contract value, depending on the contractor’s credit score and other factors.

Commercial Bonds in Indiana

In Indiana, commercial bonds guarantee that an individual or a business will meet the obligations of the entity requiring the bond, providing financial security and recourse to that entity if things go wrong.

Common types of commercial bonds in Indiana include:

• License and Permit Bonds: Required by government agencies, these bonds ensure businesses follow local laws, regulations, and industry standards, helping to protect the public  from losing money or getting bad service.

• Court Bonds: Often used in legal proceedings, these bonds guarantee payment of legal obligations, such as fiduciary duties or judgments, safeguarding the interests of involved parties.

• Public Official Bonds: Legally required for many government positions, public official bonds ensure that officials uphold their duties ethically and responsibly, providing protection against financial loss due to fraud or misconduct.

• Miscellaneous Bonds: Tailored to various business needs, these bonds ensure specific obligations are met in industries such as healthcare, transportation, and manufacturing, protecting against financial losses due to non-compliance or misconduct.

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  To get a commercial bond in Indiana, you need to provide the following:

  1. Proof of financial stability

  2. A completed bond application

  3. Proof of licensing or registration: Many states require proof that the business is properly licensed or registered before issuing a bond.

  4. Personal information: For smaller businesses, personal information and credit checks of the owners are often required.

  5. Details about the specific bond: The exact type and amount of the bond needed, which can vary by state and industry.

  6. Any other documents required by Indiana regulations

  7. Payment of the bond premium: While not a document, this is a crucial step in obtaining the bond.

  Commercial Bond Costs in Indiana: The cost of a commercial bond in Indiana is typically 1% to 4% of the total bond amount, depending on the business’ credit score and other factors.

  Choose SuretyBondsOnline.com as your bond partner for: 

  1. Speed - get your bond in as little as 2 minutes

  2. Ease of securing a bond (even if your credit is poor) - no one is turned away

  3. Simple 3 step process: Click Purchase Now. Complete the application. Print your bond. 

  Complete the online application. Still need help? You can call our Indiana bond experts at [PHONE NUMBER]