Platinum Bonds shield logo

Platinum Bonds Insurance Agency

Research before you apply.
ChatLoginPay Now

Indianapolis Contractor Bond

The Indianapolis Contractor Bond guarantees that licensed contractors will comply with city regulations in Chapter 875 of the Indianapolis Code of Ordinances and protects clients from faulty work or code violations. Bond amounts range from $5,000 to $30,000 depending on the contractor type, with general contractors re…

Bond amount$5,000
State or jurisdictionIndiana
ObligeeCity of Indianapolis (Department of Business and Neighborhood Services)

Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.

Google icon5.0 ★★★★★Google review profileBBB iconBBB A+ AccreditedView the agency profile
2323 yearsHelping clients and agents
Overview

What it is.

The Indianapolis Contractor Bond guarantees that licensed contractors will comply with city regulations in Chapter 875 of the Indianapolis Code of Ordinances and protects clients from faulty work or code violations. Bond amounts range from $5,000 to $30,000 depending on the contractor type, with general contractors re…

Who usually needs it

Contractors performing construction, electrical, HVACR, sidewalk, or wrecking work within Indianapolis city limits (excluding Lawrence, Beech Grove, Speedway, and Southport). This includes general contractors, electrical contractors, heating and cooling contractors, sidewalk contractors, and wrecking contractors.

Pricing & timing

What to expect.

Generic pricing

License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher depending on the specific bond type, state program, or underwriting requirements.

Your quote determines the actual premium.

Typical timeframe

Issuance timeframe varies by bond type and underwriting

Timing can change when underwriting needs more information.
Application details

How it works.

  1. Start the application

    Confirm the bond and provide applicant and business details.

  2. Review the quote

    See the terms and premium before deciding to continue.

  3. Pay and sign

    Complete the required payment and signatures.

  4. Receive the bond

    Get the issued bond and filing or delivery instructions.

Platinum Bonds

Experience behind every bond.

Helpful guidance, a real agency team, and a clear path from research to application.

Google icon5.0★★★★★Google reviews

“Finally a company that understands what customer service is supposed to be.”

★★★★★

“My bond application was processed and received very quickly.”

★★★★★

“I highly recommend you do business with these folks.”

★★★★★
BBB A+ Accredited Business seal for Platinum Bonds Insurance Agency

BBB A+ Accredited

Open the Platinum Bonds Insurance Agency BBB profile.

23 years

Offering service to clients and agents alike.

Frequently asked

Common questions.

How long is the Indianapolis Contractor Bond valid?

The Indianapolis Contractor Bond has a 2-year term and expires on December 31 of even-numbered years (such as December 31, 2026 or December 31, 2028). Continuous bonds are not accepted by the City of Indianapolis. You must renew your bond before it expires to maintain your contractor license.

What bond amount do I need for my Indianapolis contractor license?

The bond amount depends on your contractor type: General contractors, electrical contractors, sidewalk contractors, and Wrecking Type C contractors need a $10,000 bond. HVACR (heating and cooling) contractors need a $5,000 bond. Wrecking Type B contractors need a $20,000 bond, and Wrecking Type A contractors need a $30,000 bond. All bonds are governed by Indianapolis Code of Ordinances Section 875-109.

Who needs an Indianapolis Contractor Bond?

Any contractor performing construction, electrical, HVACR, sidewalk, or wrecking work within Indianapolis city limits must obtain this bond as part of their licensing requirement. This applies to the Consolidated City of Indianapolis, excluding the municipalities of Lawrence, Beech Grove, Speedway, and Southport. The bond is issued to the City of Indianapolis Department of Business and Neighborhood Services.

Next step

Ready to move forward?

Start the secure application with this bond already selected, or ask Ava a question before you begin.

Start the appTalk with Ava