An Indiana highway permit bond is required by the state department of transportation in conjunctions with permit applications for projects and/or work that interferes with or encroaches upon roads, streets and highways. Common permit types are Right of Way permits for utility work, pole lines, and other forms of excavation not associated with driveways and non-driveway permits. The Indiana highway permit bond can be written on a single project form, or on a “blanket” form. The blanket surety bond form is used by operators that file five or more permit applications per year. The permit bond is a performance instrument issued by a corporate surety licensed in Indiana. The bond is a performance bond on the associated project which insures that the work will be completed in accordance with department standards and specifications. The Indiana highway permit bond should be in an amount sufficient to cover all work within the right of way. The obligation states that the permittee will pay all lawful claims of the contractor, vendors and laborers for labor performed and materials furnished, or other services rendered in the carrying forward, performing and completion of the project and permit on file with the Department of Transportation. Indiana surety leader, Surety One, Inc. is a superlative surety underwriter focused on the bonding needs of contractors and developers. We offer this class of bond to experienced and legitimate applicants regardless of credit condition. Visit us at SuretyOne.com, call (787) 333-0222 or (800) 373-2804, or email Underwriting@SuretyOne.com for a Indiana highway permit bond application or for information on any bonding need.
