Indiana wholesale drug distributor bonds.
From $1,000.
Indiana requires every wholesale legend drug distributor to post a surety bond of at least $100,000 with the Board of Pharmacy under IC 25-26-14-15. We price it at 1% of the bond amount — enter the figure your license requires and your exact price appears at the application.
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How much does an Indiana wholesale drug distributor bond cost?
1% of the bond amount, from $1,000 at the $100,000 minimum. Enter your amount in the calculator for the exact price.
Three steps to filed.
Your Board of Pharmacy license is waiting on this bond. Here's the whole process — no broker phone tag:
Apply online
Your business details, the bond amount your license requires, and the effective date — that is the application.
Reviewed & issued
A $100,000 bond is a larger penal sum, so it gets a quick underwriting look rather than instant issue. Most clear fast; an underwriter reaches out within 48 hours only if something is needed.
File with the Board of Pharmacy
Pay online and receive the executed bond, ready to file with your wholesale drug distributor license application or renewal. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Indiana licenses wholesale legend drug distributors through the Board of Pharmacy, and conditions the license on a surety bond of at least $100,000 (or an equivalent security the board accepts — insurance, an irrevocable letter of credit, or a trust deposit) under IC 25-26-14-15.
Unlike a consumer-protection bond, this one is narrower: it secures payment of administrative penalties, fees, and costs the board may impose that the distributor fails to pay within thirty days of those amounts becoming final. It is a financial backstop for the board, not a general claims fund for customers.
A single bond or security covers all of a distributor's Indiana locations — the statute does not require a separate bond per facility. The board may make a claim against the bond within one year after the license is no longer valid. We issue the amount your license requires, from $1,000.
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 term is set on the carrier’s application; the premium covers the period shown there.
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 Board of Pharmacy. Pay online and receive the executed bond, ready to file with your wholesale drug distributor license application or renewal. Wet-ink original mailed on request.
What sets the price
The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $25,000. 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 instantly.
These are the actual issuing fields. No credit check up to $25,000. Submit once and your executed bond follows after a quick review.
Start the application →Common questions.
Other Indiana bonds.
The same bond in nearby states.
Price and requirements checked on the carrier’s application, . Page updated .
The Board of Pharmacy is waiting on one document.
From $1,000, no credit check up to $25,000, executed bond after a quick review. Free until issued.