Indiana Surety Bonds

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Indiana Surety Bonds

Bond Categories

Fidelity Bonds are needed for various business types including cleaning and janitorial services, financial institutions, and businesses offering employee benefit plans.

A Wage and Welfare Bond (Union Bond) may be required if you are looking to hire union laborers. This helps ensure the laborers are paid their dues when owed.

Plaintiffs and defendants in court cases may need a bond, depending on the scenario.

Administrators/executors and conservators/guardians are often mandated to purchase a surety bond.

State Bond Information

Indiana has over 300 bond requirements, varying from city-required plumbing bonds to state-required liquor license bonds. Regardless of the bond you need, Jet has your back with our comprehensive bond database.

A surety bond is a form of financial security that promises the regulator that compensation is available should a bondholder (principal) act in a malicious way leading to monetary loss. For example, if a motor vehicle dealer fails to provide a title with the sale of a vehicle and refuses to correct the issue, the customer can file a claim against the dealer's license bond.

As the surety provider, Jet pays out valid claims up to the bond's limit. The process doesn't end there—the principal must restore the bond by paying the surety company back for the full claim amount. All the details regarding claims can be found in our Surety Bond Claims Guide.

Jet is approved to issue surety bonds in Indiana (NAIC #16379).

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