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License Bond

Unified License Bond

Any person (except architects or engineers) who undertakes to construct, alter, repair, move, wreck, or demolish any structure, including subcontractors or specialty contractors such as electrical contractors, in Lake or Porter County. Required when: Obtaining a license to do business in Lake or Porter County. Exempti…

Overview

What it is.

Any person (except architects or engineers) who undertakes to construct, alter, repair, move, wreck, or demolish any structure, including subcontractors or specialty contractors such as electrical contractors, in Lake or Porter County. Required when: Obtaining a license to do business in Lake or Porter County. Exempti…

Who usually needs it

Any person (except architects or engineers) who undertakes to construct, alter, repair, move, wreck, or demolish any structure, including subcontractors or specialty contractors such as electrical contractors, in Lake or Porter County.

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 de…

Typical timeframe

Issuance timeframe varies by bond type and underwriting

Application

What to do next.

  1. Tell us the bond name, state, and amount on your form.
  2. Share business and applicant info so the team can quote it.
  3. Sign and pay; we issue the bond and send you the documents.
  4. Keep your effective date and renewal date on file with us.
Start the application.

You are on the exact bond page. The next step is to start the quick application.

Details

Bond details.

StateIN
Bond amount$5,000
Term lengthAnnual
ObligeeIndiana State Legislature (mandated for Lake and Porter Counties under IC 22-11-3.1-2)
RenewalThe bond must be resubmitted each year before the renewal of the license is granted.
Bond classLicense Bond
CategoryProfessional Services
BondUnified License Bond
Statutory referenceIC 22-11-3.1-2
JurisdictionState
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Next step

Ready to move forward?

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.