IN school bus route bonds.
From $100.
An Indiana school bus route or fleet contractor must furnish a surety bond conditioned on faithful performance of the transportation contract, under IC 20-27-5-28. The school corporation’s governing body sets the amount — it varies by district. Pricing is 1% of the bond amount, $100 minimum, with one soft credit pull for approval that never affects your score.
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Three steps to bonded.
Your transportation contract is waiting on this bond. Here is the entire process — no broker phone tag:
Apply once, online
Business details, the bond amount your school corporation set, and the effective date — plus a one-time consent to a soft credit pull.
Reviewed & approved
Most 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.
E-sign & file with the school corporation
Pay online and receive the executed bond ready to file with the school corporation’s business office for your transportation contract. Wet-ink originals mailed on request.
What it is and who needs it.
What the route bond actually guarantees
Indiana school corporations contract with route and fleet contractors to operate school bus service. Under IC 20-27-5-28, a driver or fleet contractor operating a transportation or fleet contract must furnish a surety bond conditioned on faithful performance of that contract.
The statute leaves the amount to the local governing body — the school corporation awarding the contract sets the bond figure, so it varies from one district to the next. The bond guarantees you perform the contract: running the routes, employing drivers who meet the standards of IC 20-27-8, and attending the required annual safety meeting.
Breach can mean termination and forfeiture of the bond. If you fail to perform and the school corporation is harmed, it can recover against the bond — and if the surety pays, you repay the surety. Pricing on the amount your contract names starts from $100, with one soft credit pull that never affects your score.
You need this bond if you are
One application, issued instantly.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and your bond is typically issued within 1–2 business days.
Start the application →Common questions.
Other Indiana bonds.
The school corporation is waiting on one document.
From $100, short application, e-signed bond in 1–2 business days. One soft pull, never a hard inquiry.