Indiana Indianapolis General Contractor Bond

How much does an Indianapolis Indiana general contractor bond cost?

The Indianapolis general contractor license bond costs $100 annually. The city requires this bond expire on December 31st of even years, so your exact premium will vary depending on when you purchase your bond.

How do you get an Indianapolis contractor license bond? 

You can purchase your Indianapolis contractor license bond online 24/7. You'll just need to provide your general contractor name for Department of Business and Neighborhood Services filing approval. Once your payment has been processed, your official Indiana contractor license bond will be emailed to you instantly.

How fast can you get a general contractor bond in Indianapolis?

SuretyBonds.com offers instant emailed Indianapolis Indiana contractor license bond delivery 24/7. Purchase your Indianapolis surety bond online now to receive your official bond delivered in minutes by email. 

What does an Indianapolis contractor license bond guarantee?

Indianapolis Code of Ordinances Section 875-109 requires individuals file a $10,000 surety bond amount for general contractor licensing. This bond requires licensed general contractors comply with city laws regulating contractor work outlined in Code of Ordinances Chapter 875. If you file this bond and fail to do so, your issuing surety company will pay valid claims to harmed individuals up to your full $10,000 bond amount, which you must reimburse.

Who are the parties to an Indianapolis contractor license bond?

The Indianapolis Indiana contractor license bond is an agreement between you (the principal), the Consolidated City of Indianapolis (the obligee), and the surety company who guarantees your obligation to comply with the city's construction laws. The Indianapolis Department of Business and Neighborhood Services regulates licensing requirements for general contractors, including the $10,000 bond amount and its 12/31 expiration. If you have questions about licensing, you can contact the department by emailing [email protected] or calling 1(317)327-1291.

Who needs an Indianapolis Indiana contractor license bond?

The Indianapolis general contractor bond is a licensing requirement for general contractor work. You might need this bond if you provide the following construction services in Indianapolis. 

• building contractor construction
• land alteration
• sewer
• driveway
• excavation work

How do I update or change my contractor surety bond form?

If the Department of Business and Neighborhood Services requires your licensed contractor bond documentation to be updated for any reason, contact your surety provider. If you purchased your contractor license bond from SuretyBonds.com, email [email protected] to explain the needed change. The most commonly requested change is updating your general contractor name on the bond to match your contractor license. 

How do I renew my Indianapolis general contractor bond?

You must renew your Indianapolis contractor surety bond before its current term expires on December 31st of the next even year. Once you pay your SuretyBonds.com renewal invoice, renewal instructions will be provided to you to keep your surety bond active for your next 2-year licensed contractor term. 

Do you need a license to be a contractor in Indianapolis?

Yes, the city of Indianapolis requires licenses for many types of contractors, including general contractors. To apply for a general contractor license, you'll need the following.

• Indianapolis Company License Application
• proof of business registration
• certificate of insurance
• general liability insurance policy
• workers compensation policy
• $10,000 surety bond

You can submit your documents by emailing them to [email protected]. Once the Department of Business and Neighborhood Services approves your application, you'll be able to pay the licensing fee and receive your official license card.