1. Start Your Application
2. Receive Your Free Quote
3. Buy Your Surety Bond
How Much Does an Indiana Contractor License Bond Cost?
The cost of a surety bond varies depending on several factors. However, as a rule of thumb, you can expect to pay somewhere between 1% to 10% of the total bond amount.
For instance, depending on how these factors apply, a $20,000 surety bond can cost between $200 (1%) to $2,000 (10%). The premium rate is based on factors such as your financial assets, credit score, and professional credentials. With over a decade of experience serving the bond needs of Illinois contractors, we offer a full range of contractor bonds.
The following table outlines the estimated premiums for different types of Indiana contractor license bonds based on varying credit scores:
Surety Bond Cost Based on Credit Score |
||||
Surety Bond Name |
Surety Bond Amount |
Over 700 |
Between 600 - 699 |
Below 599 |
Johnson County and Hendricks County contractor license bond |
$20,000 |
$200 - $600 |
$600- $1,000 |
$1,000 - $2,000 |
Beech Grove, Indianapolis, Lebanon, Shelbyville, Southport, and Independence Hill |
$10,000 |
$100 - $300 |
$300 - $500 |
$500 - $1,000 |
Munster, Portage and Lawrence contractor license bond (among other cities and counties) |
$5,000 |
$100 - $150 |
$150 - $300 |
$300 - $500 |
It should be noted that these are estimates only. Our How to Get Bonded page has plenty more information to help you get started including the option to get a quick, simple, and free, personalized bond quote.
How to Get a Contractor License Bond in Indiana
1. Determine the Type of Contractor Bond You Need
Various factors determine the type of contractor bond you will require. Included among them are:
- Industry
- Nature and size of work
- Location of contract
The easiest way to confirm which type you need is to contact the obligee for details.
2. Apply for Your Surety Bond
Applying for your bond is simple and quick thanks to our 10+ years of experience in the bonding industry. Our online application form streamlines the process, making it simple to get bonded. You may be asked to provide information such as:
- Personal and business information
- Details of the bond required (e.g., bond amount, type)
- Financial statements
- Business license or permit information
- Any additional documentation required by the bonding company
3. Obtain a Quote
Our quote system is quick and simple. As soon as we receive your application our team begins looking for the best rate for you. In most cases, you will receive your quote within seconds. For more complex cases, it may take up to 48 hours.
One thing to note, the level of the premium you have to pay can be affected by a bad credit score. However, this won’t negate the chance of being accepted for a surety bond.
Our bad credit security bond program is designed to assist contractors with less-than-perfect credit. For instance, lifelong friends Steve and Diego started their contracting business in Richmond, holding an Indiana Class B contractor license.
4. Pay the Bond Premium
Finalizing your bond purchase is easy with our online payment portal. Once you pay the premium, we’ll email you the bond immediately. If you prefer, we can also mail a hard copy upon request.
Our dedicated bond experts are here to provide friendly customer service and assist you with any challenges or questions. Please feel free to contact us or call us at (877) 514-5146 for support.
Contractor License Bond Requirements in Indiana
Indiana doesn’t have a state-level license bond requirement. However, many of the towns and counties require contractors to hold a surety bond depending on the scope, type, and location of the work to be performed.
Here are the city/county-level requirements for contractor license bonds in Indiana:
Surety Bond |
Bond Amount |
Premium |
City of Anderson Electrical Contractor Bond |
$5,000 |
From $100 |
City of Beech Grove Contractor Bond |
$5,000 |
From $100 |
City of Beech Grove General Contractor Bond |
$10,000 |
From $100 |
$5,000 |
From $100 |
|
City of Elkhart Contractor Bond |
$5,000 |
From $100 |
City of Elkhart Excavation Contractor Bond |
$10,000 |
From $100 |
City of Fishers Contractor Registration Bond |
$25,000 |
From $250 |
City of Fishers Right of Way Permit Bond |
$2,000 - $25,000 |
From $100 |
City of Fort Wayne Contractor Bond |
$5,000 |
From $100 |
City of Gary Contractor License Bond |
$5,000 |
From $100 |
City of Greencastle Contractor Bond |
$7,500 |
From $100 |
City of Greenwood Contractor Bond |
$15,000 |
From $150 |
City of Hammond Contractor Bond |
$5,000 |
From $100 |
City of Indianapolis General Contractor Bond |
$10,000 |
From $100 |
City of Indianapolis Specialty Contractor Bond - Heating & Cooling Contractor |
$5,000 |
From $100 |
City of Indianapolis Specialty Contractor Bond - Electrical Contractor, Wrecking Type C Contractor |
$10,000 |
From $100 |
City of Indianapolis Specialty Contractor Bond - Wrecking Type B Contractor |
$20,000 |
From $200 |
City of Indianapolis Specialty Contractor Bond - Wrecking Type A Contractor |
$30,000 |
From $300 |
City of Indianapolis Sidewalk Contractor Bond |
$10,000 |
From $100 |
City of Lafayette Contractor Bond - Right of way permits (street cuts/excavations, oversize vehicles) |
$10,000 |
From $100 |
City of La Porte Contractor Bond |
$15,000 |
From $150 |
$5,000 |
From $100 |
|
City of Lawrence Contractor Bond - Out-of-State Contractors |
$15,000 |
From $150 |
City of Lebanon Contractor Bond |
$5,000 - $10,000 |
From $100 |
City of Mishawaka Contractor Bond |
$5,000 |
From $100 |
$5,000 |
From $100 |
|
City of Muncie HVAC or Demolition Contractor Bond |
$5,000 |
From $100 |
City of Shelbyville Contractor Bond |
$10,000 |
From $100 |
City of South Bend Contractor Bond - Building, Electrical, HVAC, Sign Contractors |
$5,000 |
From $100 |
City of South Bend Contractor Bond - Demolition Contractors |
$10,000 |
From $100 |
$5,000 |
From $100 |
|
City of South Bend Sidewalk Contractor Bond |
$1,000 |
From $100 |
City of Southport Contractor Bond |
$10,000 |
From $100 |
City of Terre Haute General Contractor Bond |
$10,000 |
From $100 |
Town of Chesterton Contractor Bond |
$5,000 |
From $100 |
City of Monticello Right-of-Way Contractor Bond |
$20,000 |
From $200 |
Town of Dyer Contractor Bond |
$5,000 |
From $100 |
Town of Long Beach Contractor Bond |
$10,000 |
From $100 |
Town of Munster Contractor Bond |
$5,000 |
From $100 |
Town of New Carlisle Contractor Bond |
$10,000 |
From $100 |
Town of St. John Contractor Bond |
$5,000 |
From $100 |
City of Crown Point Contractor License Bond |
$5,000 |
From $100 |
City of Indianapolis Drainage and Flood Control Bond |
$2,000 |
From $100 |
City of Indianapolis (Citizens Water) Plumber Bond |
$25,000 |
From $250 |
City of Kokomo Contractor License Bond |
$10,000 |
From $100 |
City of Muncie Electrical Contractor Bond |
$5,000 |
From $100 |
Wayne County Septic System Installer License Bond |
$20,000 |
From $200 |
Tipton County Contractor Bond |
$10,000 |
From $100 |
Madison County Septic Installer Bond |
$20,000 |
From $200 |
City of Hammond Street Opening Bond - For all other contractors (if applicable) |
$1,500 |
From $100 |
City of Hammond Street Opening Bond - Plumbers Only |
$10,000 |
From $100 |
Town of Merrillville Contractors Bond |
$5,000 |
From $100 |
Hancock County Private Driveway Permit Bond |
$3,000 |
From $100 |
How to Get Your Indiana Contractor License
We can provide guidance on how to get a contractor license. Acquiring your Indiana contractor license can be a challenging process and will vary from business to business. However, a typical application process will follow the steps listed below:
- Create your business
- Register the business under your desired business name
- Determine the type of license or licenses you require
- Name your Responsible Management
- Name any qualified individual(s) as required
- Name an employee who has completed relevant examination sections
- Finish the pre-license education program
- Complete and submit your application along with your completed surety bond form
- Pay the corresponding fee
We are always here to help you if you need assistance with the bonding process. For the city of Indianapolis you can get in touch with the Department of Business and Neighborhood Services at the following address:
Department of Business and Neighborhood Services
200 E. Washington St.
Suite 107
Indianapolis, IN 46204
About Us

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What Our Clients Have To Say?
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!