What Is A Indiana Contractor License Bond?
In any industry, it is crucial to have a support system in place to protect your customer, as well as your business assets. If you are a contractor, this support will come in the form of a contractors license bond. This bond provides valuable legal protection for the contractor, the contractor’s client, as well as the state bond-issuing agency. In the event that any of your clients are negatively affected by your services, the bond will cover their claims.
In order to receive licensing as a contractor in Indiana, it is required to obtain a surety bond first. The state of IN requires contractors to become bonded in order to protect both the state and its residents in the event that the contractor does make a costly mistake. Of course, the upside is that the bond also provides valuable legal protection for the contractor; so this is a circumstance in which everyone wins.
If you are a contractor in need of reliable bonding solutions from a trustworthy surety bond company, contact Ox Bonding today.