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How much does a wine, beer, or liquor bond cost in Indiana?
The amount of coverage required depends on the license type: $1,000 for vintners; $10,000 for brewers, distillers, and liquor wholesalers; and $15,000 for rectifiers. The cost that vintners will pay for their surety bond is $100, while brewers, distillers, or liquor wholesalers will pay $120. The cost for rectifiers varies and will be determined by an underwriter, who will review the applicant’s qualifications.
Why do I need a bond on file with my alcohol permit?
The Indiana Alcohol and Tobacco Commission requires vintners, brewers, distillers, liquor wholesalers, and rectifiers to abide by all laws, rules, and regulations stated in Title 7 of the Indiana Code. This bond protects customers from unlawful acts performed by the principal. The following are some of the provisions that principals must follow under this bond:
- Refrain from selling alcohol on Sundays (with the exception of authorized sporting events or races)
- Transport alcoholic beverages only in lawful containers as described in the Code
- Post approved licenses and applications where the public can see them
The permit number and type of business must appear on the bond form. The bond has to be renewed annually and may be canceled by the insurance company with at least 30 days’ notice to the state.