Who needs a contractor bond in West Lafayette, IN?
The City of West Lafayette, Indiana, requires general contractors to post a $25,000 permit bond. Subcontractors must post a $5,000 bond. You can file your bond with the city office and won’t be able to run your business until you have your building permit. The following contractors need a surety bond and license to operate in West Lafayette:
- Structural or carpentry
- Fire suppression
- Heating and air conditioning
- Masonry work, brickwork, stone masonry
General contractors require general contractor and state plumbing license verification. Subcontractors must list on the bond which trades they wish to perform, and the bond must be increased in value by $5,000 per trade. You can find a complete list of license and permit bond information on the city’s website.
Unsure which bond requirement applies to you? Call ZipBonds at (888) 435-4191 and one of our agents will be more than happy to help. You can also check out our page on contractor license bonds in Indiana for statewide information.
Get Your West Lafayette Contractor License Bond:
How does a contractor license bond work?
A contractor license bond protects clients from damages due to a contractor’s faulty work. The bond guarantees that contractors meet all applicable regulations and codes of the obligee (West Lafayette). If a contractor fails to fulfill any part of the bond agreement, clients can file a claim to receive compensation.
To obtain a contractor bond in West Lafayette, you’ll pay a premium, a small percentage of the full bond amount. These bonds typically expire after a year (unless continuous) and must be renewed annually to remain active. ZipBonds can often issue these bonds quickly – at a typical premium of $100.
Apply for Your Contractor Bond in West Lafayette, IN
ZipBonds offers the fastest and most secure option for getting bonded. Our all-digital platform is intuitive and straightforward. Apply online, email email@example.com or call 888.435.4191 to speak with an agent directly.
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.