What a permit bond is
Some cities and counties require a bond before they issue a building or work permit. It guarantees you'll follow local codes and the permit conditions, and pays the agency if you don't, for example if public property is damaged.
In Indiana
Indiana has no statewide permit bond for building or work permits. Cities and towns set their own; for example, Greenwood requires an excavation permit bond of at least $15,000 payable to the city for work in streets, alleys, sidewalks or right-of-way.
- INDOT requires its own permit bond for work on state highway right-of-way.
You need this bond if you're
- A contractor pulling permits where the city or county requires a bond
- Demolition and house-moving contractors
- Sign, sewer and grading contractors
- Owner-builders in some jurisdictions
What the surety looks at
Basic business details and credit.