How to Get a General Contractor License Bond in Indianapolis, Indiana
- 5 hours ago
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If you're planning to work as a general contractor in Indianapolis, Indiana, securing a General Contractor License Bond is an essential step in the licensing process. Whether you're launching a new construction business or expanding operations, understanding bonding requirements can help you stay compliant and competitive.
In Indianapolis, contractors must meet specific local and state regulations before legally performing construction work. A license bond protects the public and the city by guaranteeing that contractors follow building codes, safety standards, and contractual obligations.
What Is a General Contractor License Bond?
A General Contractor License Bond is a type of surety bond required by local municipalities and sometimes by the Indiana Department of Business and Professional Regulation or other governing bodies. This bond acts as a financial guarantee that you will operate ethically and comply with all applicable laws.
If a contractor violates regulations or fails to complete a project according to legal standards, a claim can be filed against the bond. This provides protection to clients and government agencies.
Bond Requirements in Indianapolis
Contractor bond requirements can vary depending on the type of license and scope of work. The City of Indianapolis outlines licensing and permit requirements through its Business & Neighborhood Services Department.
Typically, you will need:
A completed license application
Proof of insurance
A General Contractor License Bond in the required amount
Payment of applicable licensing fees
Bond amounts vary based on project size and classification. It’s important to confirm the exact bond amount required before purchasing your bond.
Step-by-Step Process to Get Your Contractor License Bond
1. Verify Your Eligibility
Contract work that qualifies includes residential and commercial construction, driveway and sewer work, land alteration, and excavation—all regulated under the Consolidated City of Indianapolis.
2. Register Your Business
If you operate as an LLC or corporation, you must register your business with the Indiana Secretary of State. Sole proprietors and partnerships may not need formal registration unless using a DBA.
3. Purchase Your Surety Bond
To get licensed in Indianapolis, you must obtain a $10,000 general contractor license bond. Premiums typically start around $175 for a two‑year term and are prorated depending on your purchase date. Bonds act as a financial guarantee that you will follow all contractor regulations set by Indianapolis Code Chapter 875.
4. Secure Liability Insurance
The city requires general liability insurance with at least $500,000 coverage per occurrence for property damage and bodily injury. Workers’ compensation insurance is mandatory if you employ staff.
5. Submit Your Application
Submit your completed application, surety bond, insurance certificate, and business registration documents to the Indianapolis Department of Business and Neighborhood Services (BNS). Licenses expire every two years on December 31 of even‑numbered years, so timely renewal is important.
Get Your Bond and Insurance the Easy Way
While obtaining your bond is a required step, making sure you have the right insurance coverage is equally essential for protecting your business. Wexford Insurance specializes in helping contractors secure affordable, compliant insurance policies.
👉 Click here to get a fast, no‑obligation quote from Wexford Insurance.
