When you contract to transport children for an Indiana school corporation, IC 20-27-5-28 requires a surety bond conditioned on faithful performance of the contract. The school governing body sets the amount; we issue it at a flat 3% with one soft credit pull that never affects your score.
















Your transportation contract is waiting on this bond. Here's the whole process — the only extra step is a one-time soft credit pull:
Your details, the school name and route, and the bond amount the governing body specified — plus a one-time consent to a soft credit pull. That is the application.
Most of these clear quickly; if underwriting needs anything, you hear from an underwriter within 48 hours. The credit check is a soft pull that never affects your score.
Pay online and receive the executed bond, ready to file with the school corporation before your transportation contract begins. Wet-ink original mailed on request.
Bond amount × 3% = your premium, one-time per term, $275 minimum. Enter the figure your school governing body specified and the premium updates.
Indiana school corporations transport students under written transportation contracts governed by IC 20-27-5. A driver or fleet contractor operating such a contract must furnish a surety bond conditioned on faithful performance of the contract under IC 20-27-5-28.
It is a three-party arrangement: you (the principal), the surety carrier, and the school corporation (the obligee). If you fail to perform the transportation contract — abandoning a route mid-term, or breaching the safety and service terms the State School Bus Committee folds into every contract — the school corporation can recover its loss against the bond.
The amount is set by the school governing body, not by a statewide schedule — it appears in your contract or bid documents. The form captures the school name, county, term, and route so the executed bond matches your contract. We issue whatever amount the board specified, at a flat 3%.
These are the actual underwriting fields, including the school and route details and a one-time consent to a soft credit pull. Submit once and your bond follows after a quick review.
Start the application →If yours isn't here, the bond team can usually answer within the hour.
Flat 3%, $275 minimum, five-minute application, soft pull only. Enter the amount your governing body set and file the same day.