Who Needs an Indiana Masonry Bond?

An Indiana Masonry Bond is typically required for:

• Brick and stone masonry contractors working on residential or commercial properties

• Concrete contractors specializing in foundations, retaining walls, or sidewalks

• Stonemasons and tuckpointing specialists

• Contractors applying for masonry work permits in regulated areas

• Licensed general contractors performing masonry-related work

Some Indiana cities and counties (such as Indianapolis, Fort Wayne, Evansville, and South Bend) require masonry contractors to post a bond before pulling permits. Be sure to check with your local licensing board for specific bond requirements.

How Does the Indiana Masonry Bond Work?

This bond protects clients and local governments by ensuring that masonry contractors follow state and local laws. Here’s how it works:

1. You obtain the bond as a requirement for your masonry contractor license or permits.

2. The bond serves as a financial guarantee that you will adhere to all building codes and regulations.

3. If a claim is filed, such as for substandard work, failure to complete a project, or building code violations, the surety company may compensate the affected party up to the bond amount. However, you are ultimately responsible for repaying any claims covered by the surety.

Cost of an Indiana Masonry Bond

The cost of this bond depends on several factors, including:

• The bond amount required (varies by city or county)

• Your credit score and financial history

• The surety company’s underwriting criteria

Typically, well-qualified applicants pay 1% to 5% of the total bond amount. Contractors with strong financials and credit may receive lower rates, while those with credit challenges may pay slightly more.

How to Obtain an Indiana Masonry Bond

The process to get your bond is simple and fast:

1. Check local requirements – Contact your city or county licensing authority to determine the bond amount.

2. Request a quote – Provide details about your business and financial background.

3. Submit your application – Complete the necessary paperwork and provide any required documentation.

4. Receive your bond – Once approved, you’ll receive the bond to file with your local licensing board.