Indiana Contractor License Bond

Customer Reviews

1. Start Your Application

Fill out the online application form

2. Receive Your Free Quote

You will be sent your quote in minutes

3. Buy Your Surety Bond

We offer secure payment options
  • Image
    Obtain your Indiana contractor license bond with no hassle
  • Image
    Excellent bonding rates for contractor license bonds
  • Image
    thumbs-icon.svg
    Bad credit program

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

* This table provides a ballpark estimate of potential bond costs. Bond pricing can fluctuate over time due to a number of factors. For exact pricing, please complete an application.

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

City of East Chicago Contractor Bond

$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

City of Lawrence Contractor Bond

$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

City of Mishawaka Street Excavation Contractor Bond

$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

City of South Bend Right-of-Way Occupancy Bond

$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: 

  1. Create your business
  2. Register the business under your desired business name
  3. Determine the type of license or licenses you require
  4. Name your Responsible Management
  5. Name any qualified individual(s) as required
  6. Name an employee who has completed relevant examination sections
  7. Finish the pre-license education program
  8. Complete and submit your application along with your completed surety bond form
  9. 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


START YOUR APPLICATION It's FREE. No Obligations. Approval in Minutes.

About Us

Lance Surety Bonds
Lance Surety Bond Associates, Inc. is a Pennsylvania-based surety bond agency that offers bonding at competitive rates in all 50 states. Established in 2010, our company has grown to become one of the top online bond producers in the country. Working exclusively with A-rated and T-listed bonding companies gives us the confidence to offer a 100% money-back guarantee. read more

What Our Clients Have To Say?

Kimberlee Ables

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!

Andrew Poincot

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!

Margie Martinez

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!

Kimberlee Ables

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!

Andrew Poincot

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!

Margie Martinez

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!

As Featured In