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How Much Does a Contractor License Bond Cost in Indiana?
A Contractor License Bond in Indiana costs as little as $100. However, the cost greatly varies as no state-wide contractor bond requirements exist. Instead, most cities and counties set their own bonding requirements and bond amounts.
For example, Adam’s County requires contractors to hold a $20,000 bond, while Cedar Lake requires $5,000.
Indiana’s city and county Contractor License Bonds typically range from $5,000 to $25,000. However, you only pay a small fraction of this amount to get bonded—usually 1% - 10%.
|
Surety Bond Cost Based on Credit Score |
||||
|
Surety Bond Name |
Surety Bond Amount |
Over 700 |
Between 600 - 699 |
Below 599 |
|
Indiana Contractor License Bond |
$10,000 |
$100 - $300 |
$300 - $500 |
$500 - $1,000 |
The cost of your Indiana Contractor License Bond will depend on two main components:
- The Bond Amount Required: This is the amount that the city or county issuing your license requires. You can often find this information in their contractor licensing application or website.
- Your Credit Score: A soft credit check determines how much you need to pay to get bonded. This small percentage you pay is known as a bond premium or bond rate. Other factors that can impact your rate include industry experience, past bonding history, and business financials.
See our guide: How Much Does a Surety Bond Cost? for more information.
How to Get an Indiana Contractor License Bond
1. Find Your Bond Amount
The city or county licensing you sets the bond amount you need. It generally ranges from $5,000 - $25,000 for most contractor licenses, but some exceptions exist.
- In the next section, we have provided a chart with the most commonly required bond amounts for contractors in Indiana. However, bonding requirements frequently change. So always check with the city issuing your license or permit for the most up-to-date requirements.
2. Apply for Your Contractor License Bond
Applying for a licensing bond is quick and easy using our online bond application. To fill out this form, you will need to know your:
- Bond Amount
- Obligee Name (Ex. City of Beech Grove)
- Contact information
- Contractor License Number (if available)
After your application is processed, you will receive a bond quote in your email inbox. This usually only takes a few minutes.
3. Purchase Your Bond
To purchase your bond, log in to our website, fill out the forms, and pay your invoice. A copy of the bond will be sent via email, while the original will be sent via mail.
Please note that most cities and counties require the original bond to be sent to them.
When requested, we can often help with this by sending the original bond directly to them— instead of your address. In the case of our new contracting client, Dan, this is exactly what we did. He was thankful to have one less thing to do as he had freshly moved from another state.
Indiana Contractor License Bond Requirements
Indiana does not have a state licensing requirement for contractors. Instead, many cities and counties choose to set their own.
|
Bond Required |
Bond Amount |
|
$20,000 |
|
|
$5,000 |
|
|
$1,000 - $100,000 |
|
|
City of Beech Grove Contractor Bond (Electrical, HVAC, and Plumbing) |
$5,000 |
|
$10,000 |
|
|
$5,000 |
|
|
$5,000 |
|
|
Citizens Energy Group Plumber Bond |
$25,000 |
|
Delaware County Contractor Bond (Residential) |
$5,000 |
|
Delaware County Contractor Bond (Commercial) |
$20,000 |
|
$5,000 |
|
|
$5,000 |
|
|
$5,000 |
|
|
$5,000 |
|
|
$10,000 |
|
|
$10,000 |
|
|
$25,000 |
|
|
$25,000 |
|
|
$2,000 - $25,000 |
|
|
$5,000 |
|
|
$5,000 - $10,000 |
|
|
$7,500 |
|
|
$15,000 |
|
|
$1,000 - $100,000 |
|
|
$5,000 |
|
|
City of Hammond Street Opening Bond (All Contractors, Except Plumbers) |
$1,500 |
|
City of Hammond Street Opening Bond (Plumbers Only) |
$10,000 |
|
$1,000 - $3,000 |
|
|
$20,000 |
|
|
$500 |
|
|
City of Indianapolis Drainage and Flood Control Bond |
$2,000 |
|
$10,000 |
|
|
City of Indianapolis Plumber Bond (Citizens Water) |
$25,000 |
|
City of Indianapolis Specialty Contractor Bond (Heating and Cooling Contractor) |
$5,000 |
|
City of Indianapolis Specialty Contractor Bond (Wrecking Type C or Electrical Contractor) |
$10,000 |
|
City of Indianapolis Specialty Contractor Bond (Wrecking Type B) |
$20,000 |
|
City of Indianapolis Specialty Contractor Bond (Wrecking Type A) |
$30,000 |
|
City of Indianapolis Sidewalk Contractor Bond |
$10,000 |
|
$20,000 |
|
|
$15,000 |
|
|
City of Lafayette Contractor Bond (Electric and Right of Way Permits) |
$1,000 |
|
City of Lafayette Contractor Bond (Building, Grease Trap, and Sewer Permits) |
$5,000 |
|
City of Lafayette Contractor Bond (Street Work & Excavations) |
$10,000 |
|
$5,000 |
|
|
$15,000 |
|
|
$10,000 |
|
|
$5,000 - $15,000 |
|
|
$5,000 - $10,000 |
|
|
$10,000 |
|
|
$20,000 |
|
|
$20,000 |
|
|
$5,000 |
|
|
$5,000 |
|
|
City of Mishawaka Erosion/Sediment Control Bond |
$1,000 - $250,000 |
|
$5,000 |
|
|
$15,000 |
|
|
City of Monticello Right-of-Way Contractor Bond |
$20,000 |
|
$5,000 |
|
|
$5,000 |
|
|
$5,000 |
|
|
$5,000 |
|
|
$10,000 |
|
|
$5,000 |
|
|
$10,000 |
|
|
$20,000 |
|
|
$5,000 |
|
|
$5,000 |
|
|
$5,000 |
|
|
$20,000 |
|
|
$5,000 |
|
|
$5,000 |
|
|
$5,000 |
|
|
$10,000 |
|
|
City of South Bend Contractor Bond (Building, Electrical, HVAC, Sign Contractors) |
$5,000 |
|
City of South Bend Contractor Bond (Demolition Contractors) |
$10,000 |
|
City of South Bend Right-of-Way Occupancy Bond |
$5,000 |
|
City of South Bend Sidewalk Contractor Bond |
$1,000 |
|
$10,000 |
|
|
$5,000 |
|
|
City of Terre Haute Excavation Contractor Bond |
$10,000 - $25,000 |
|
$10,000 |
|
|
Tippecanoe County Contractor Bond (General Contractor) |
$15,000 |
|
Tippecanoe County Contractor Bond (Subcontractor) |
$10,000 |
|
$10,000 |
|
|
$5,000 |
|
|
$20,000 |
|
|
City of West Lafayette Contractor Bond (General Contractors) |
$25,000 |
|
City of West Lafayette Contractor Bond (Subcontractors) |
$5,000 |
How to Get Your Contractor License in Indiana
The steps to get an Indiana contractor license vary between cities. However, the process usually requires you to have the following:
- Business Registration – Have an Indiana contracting business registered with the Indiana Secretary of State.
- Background Check – Get fingerprinted and disclose any convictions.
- Employment History – Have a record of employment and time spent in your trade.
- Exam Session – Pass a contractor’s exam.
- Surety Bond – Get a Contractor License Bond.
- Insurance – Get contractor insurance, which often includes general liability insurance and workers’ compensation insurance.
Fees – Pay licensing fees at the time of application.
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