New Palestine contractor license bonds.
From $100.
The Town of New Palestine, Indiana requires registered contractors to carry a license bond as a condition of contractor registration and permit work in town. The town sets the amount, and the bond is priced at 0.5% of the bond amount, $100 minimum — the exact price appears at the application.
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How much does a New Palestine contractor license bond cost?
0.5% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No underwriting queue for the standard town contractor bond — enter your amount, pay, and file with the town. Here is the whole thing:
Apply online
Your business details, the bond amount the town requires, and the effective date — that is the application.
Issued on the spot
Most applications approve instantly — the executed bond is generated as soon as you pay. Above $50,000, a soft pull may add a short review.
File with the Town of New Palestine
Submit the executed bond with your New Palestine contractor registration. Wet-ink originals mailed whenever the town insists.
What it is and who needs it.
What the bond actually guarantees
The Town of New Palestine, Indiana registers contractors and conditions that registration on a contractor license bond. The bond is a guarantee to the town that you will build to the adopted codes, follow the town's permit and inspection rules, and correct work that fails inspection.
It is a three-party arrangement: you (the principal), the surety carrier standing behind you, and the Town of New Palestine as the obligee. If you violate the town's contractor or permit ordinance and the town or a property owner is damaged, they can recover against the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. Contractors who pull proper permits and pass inspection treat the bond as a registration formality, not a risk.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the Town of New Palestine. Submit the executed bond with your New Palestine contractor registration. Wet-ink originals mailed whenever the town insists.
What sets the price
The premium is 0.5% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $50,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued on the spot.
Submit the application with the bond amount the Town of New Palestine set — the executed bond is generated instantly, ready to file.
Start the application →Common questions.
Other Indiana bonds.
Price and requirements checked on the carrier’s application, . Page updated .
New Palestine registration, one document away.
Priced at 0.5% of the bond amount, $100 minimum. Enter the amount the town set and file the same day.