What Is an Indiana Excavation Contractor Bond?

An Indiana Excavation Contractor Bond is a type of license and permit bond that excavation contractors must obtain before receiving a license in certain Indiana cities or counties. It guarantees that the contractor will:
✅ Follow local excavation regulations and safety standards
✅ Properly complete projects without causing damage to public infrastructure
✅ Restore any disturbed public property, such as roads or sidewalks
✅ Be financially responsible for any damages, fines, or violations

If a contractor violates the terms of the bond, a claim can be filed against it to compensate affected parties.

Who Needs an Indiana Excavation Contractor Bond?

Any contractor performing excavation work, including digging, trenching, grading, and site preparation, may be required to obtain this bond. Requirements vary by city and county, but some common locations that mandate this bond include:

• Indianapolis

• Fort Wayne

• Evansville

• South Bend

• Bloomington

Before starting work, check with your local licensing board to determine the specific bond amount and requirements.

How Much Does an Indiana Excavation Contractor Bond Cost?

The cost of an Indiana Excavation Contractor Bond depends on:

• Bond amount – Varies by municipality, typically ranging from $5,000 to $50,000

• Personal and business credit score – Higher credit scores generally mean lower premiums

• Industry experience – More established contractors may qualify for lower rates

• Financial history – A strong financial background can lead to better pricing

Estimated Bond Premiums:

• $10,000 bond → $100 - $300 per year

• $25,000 bond → $250 - $750 per year

• $50,000 bond → $500 - $1,500 per year

In my dealings with excavation contractors, I’ve seen that most bonds are affordable and can be obtained quickly with the right surety provider.

How to Get an Indiana Excavation Contractor Bond

Securing your Excavation Contractor Bond is a simple process when working with a knowledgeable surety provider. Here’s what you need to do:

1️⃣ Confirm bond requirements – Check with your local licensing authority for the exact bond amount and conditions.
2️⃣ Complete an application – Provide business details, financial information, and the required bond amount.
3️⃣ Undergo a credit check – Your credit history will determine your bond premium.
4️⃣ Receive a quote – Once approved, you’ll receive a bond price based on your risk level.
5️⃣ Pay for the bond and receive your certificate – Submit this to your licensing authority to finalize your license approval.