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Indiana Contractor License Bond

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What is an Indiana Contractor License Bond?

Construction contractors working in Indiana do not have to meet a statewide requirement for licensing. However, certain counties and municipalities in the state require contractors to hold a valid license before they can perform commercial or residential work. Part of the licensing requirement is posting an Indiana contractor license bond.

An Indiana contractor license bond is a surety bond that works to safeguard customers from illegal and fraudulent business practices which may cause them financial harm. A surety company provides the bond to the contractor, and the amount of the bond necessary is mandated by the obligee, or the city or county in charge of contractor licensing. When a claim is made against an Indiana contractor license bond, the surety pays the claim initially. However, the contractor repays this amount over time.

What Does an Indiana Contractor License Bond Cost?

Bond requirements vary from one location to the next, but an Indiana contractor license bond may be as little as $5,000 and as high as $20,000. Fortunately, contractors are not required to pay this entire amount. Instead, bonds are priced as a percentage of the total bond amount, called a bond premium. The bond premium you pay is between 1 and 10% of the bond requirement, based on several different factors.

The surety company providing your Indiana contractor license bond reviews your personal credit score and business financials to determine your bond premium. When credit is poor, you pay a higher bond premium than contractors who have a strong financial track record. This is because bad credit indicates the bondholder may be a higher risk for a bond claim in the future.

How Do I Get an Indiana Contractor License Bond?

You can start the process of getting your Indiana contractor license bond by submitting a brief form online. Your surety agency provides your bond premium and the steps you need to take in order to secure your bond.


Frequent Questions

How much does a bond cost?

Pricing is a percentage of the contractor license bond amount that’s required of you, which is based on your personal credit. Use our bond pricing tool to to get a quick ballpark estimate.

Can I get bonded with bad credit?

Yes. You can apply and get bonded with bad credit. Our agency is the largest writer of bonds in the county, which allows us to approve contractors for bonds when other agencies cannot.

Are these the same as contract bonds?

No. Contractor license bonds ensure you will abide by the laws of your state, city or municipality when performing contracting work. Contract bonds guarantee public projects will be completed properly and are a separate bond type. You can learn more about contract surety bonds by visiting the contractor bond center.

Do I need a state or local bond?

It depends on who is requiring the bond of you, the local municipality, county or state. Depending on your location, it is possible you may need both a local and state bond, as contractor license bond requirements can vary drastically. You can select your state to see a full list of contractor license bond requirements.


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Jennifer Henson
Our company has been with JW Surety for several years now so when we needed to obtain a bond for a new company, we immediately went to them for help. Our rep, Melissa, was extremely helpful and prompt which made the process extremely easy for me.
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Trying to get a local Surety Bond was like driving a car on three tires. I searched Surety Bonds and found JW Surety Bonds. I got online and filled out the information and with in 30 minutes received a response from Melissa. She was informative, friendly and helpful. One more super satisfied customer.

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