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What is an Indiana Institutional Bond?

Indiana Institution Bonds are required by the State of Indiana for certain institutions. The bond amount is determined by the institution. If you need help with finding out if your property requires an institutional surety bond or another type of insurance coverage contact us today! 

Do you need a Bond?

Swiftbonds provides a variety of bond types to meet the needs of our clients. Our bonds are affordable and easy to apply for. We offer a wide range of coverage options with flexible terms and conditions so you can get the right bond for your situation.

If you need help finding the right type of bond or have any questions about our products, please contact us at (913) 214-8344 or email [email protected]. We’re here to answer all your questions!

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Why is the Indiana Institutional Bond required?

Businesses must purchase a bond to activate their license or permit. This guarantees that if the business fails to comply with licensing and permit laws, they will be compensated by the surety company for any damages incurred due this negligence. Read a Elkhart, IN-Plumbing Contractor License Bond.

How does an Indiana Institutional Bond work?

Getting a Indiana Institutional Bond means you agree with the entity requiring it, called the obligee. Your surety company agrees to cover for you in case your clients or public make claims against their contract and need payment from your bond. If there’s ever any problems on either side of this agreement, only then will we get involved so that both parties can be satisfied. See a Town of Brownsburg, Hendricks County, IN-Subdivision Performance Bond.

How much does an Indiana Institutional Bond cost?

Indiana Institutional Bond is a type of surety bond that varies in cost and depends on the credit score of the applicant. Sometimes, personal or business financials may be required depending on what surety amount is needed for bonding purposes.

Can I get an Indiana Institutional Bond with bad credit?

Swiftbonds offers a wide-range of approvals, regardless of credit history or bad credit. One key factor in our success is that we are able to work with 99% of applicants who have been turned down elsewhere due to their poor financial standing. Our knowledgeable underwriting staff will make sure you get the lowest possible price for your bond no matter what personal circumstances may be preventing you from getting approved for other companies' bonds. Get a Adams County, IN-Sewer and Septic Tank Contractor Bond.

How to get your Indiana Institutional Bond?

Would you like to know the first step in getting your Indiana Institutional Bond? It's super easy! Fill out our quick online application and get a no obligation quote today. Our Underwriters will contact you within an hour of submission, or come chat with them on the phone for help applying. Have a City of Lawrence, IN-Plumbing Contractor License ($5,000) – 2 Year Bond.

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