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Popular Surety Bonds in Indiana
Indiana Notary Surety Bond
To serve as a notary public in Indiana for an eight-year commission, you must post a $25,000 bond. The cost is $100.
Contractor License Bonds
Several cities and counties in Indiana require contractors to secure a surety bond to conduct work in their area. Requirements vary by location.
Indiana Right-of-Way Bonds
To obtain a right-of-way permit in Indiana, including in many local municipalities, you must purchase a performance bond. Bond amounts vary.
Collection Agency Bond
The Indiana Securities Division requires collection agency license applicants to post and maintain a $5,000 bond for each office location.
Contract Bonds
Contractors in Indiana must obtain construction (contract) bonds for public works or government projects and many private-enterprise construction jobs.
Vehicle Merchandising Bond
To work as an auto mobility dealer or a converter manufacturer in Indiana, you must post a $25,000 bond.
Find Your Indiana Surety Bond
Don’t see the bond you need?
Give us a call at (888) 435-4191 or use our generic form to start your application online. We’ll reach out soon!
What is a surety bond in Indiana?
A surety bond is a contract between three parties: 1) the obligee that requires the bond, 2) the principal who purchases the bond, and 3) the surety that issues the bond.
How much does an Indiana surety bond cost?
The cost of a bond can vary based on a few different factors, including the type of bond, the amount required, and your credit score and finances. Your bond premium will be a small percentage of the total bond amount – typically 1-10%.
Generally, the stronger your credit score, the lower your rate will be. In some cases, however, we don’t even need to run your credit. Some bonds can be issued instantly at a flat rate.
How do I know which bond I need?
Various businesses, contractors, and other professionals will need surety bonds to operate legally in Indiana. Many professions that require state, county, or city licenses to work or practice will also require surety bonds.
Here are some examples:
- You may need construction bonds to work as a contractor.
- You may need a license or permit bond to operate a professional business.
- Or you may need a court bond to fulfill your duties as a fiduciary.
Call ZipBonds to get bonded today!
We’ll help you find the bond you need, complete the application, and be off and running. Call us at (888) 435-4191, or email support@zipbonds.com. We also have live chat on our website during regular business hours. Reach out any time!
About ZipBonds.com
Founders Ryan Swalve and Zach Mefferd formed the vision for ZipBonds.com when they realized how overly complicated it was to help clients place surety. The frustration of being unable to incorporate the technology they’d used in other insurance-focused projects left them thinking “there has to be a better way.”
Fast forward a couple of years, and that better way is the impetus of everything we do at ZipBonds. We constantly look for innovative ways to improve the bonding process for our clients and agents. Our team comprises individuals who understand all angles of surety – for companies, agencies, and individuals. Incorporating everyone’s point of view to improve the process while simultaneously integrating cutting-edge technology is what sets our business apart.