What Is A Indiana Public Official Bond?
If you are working as a public official in Indiana, then you will most likely need a public official bond. That is, a third party contract of guarantee of honesty, which is also called a surety bond. The state requires this filing for most public official positions, particularly those that will regularly handle money, property and other assets.
There is a process involved in IN bonding, and it involves filing paperwork as well as undergoing a screening process verifying all information. Taking on this bond is your way of saying that you will be honest, faithful and perform duties ethically as instructed, and as required by law. This is not a liability policy, because only the interests of the public are protected with the set aside funds. The bonded amount should be enough to cover the interests of the public.
If you need help with you Indiana public official bond contact Ox Bonding, a surety bonding company with a great reputation.