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Indiana School Bus Driver Bond - (over) $5,000

If you are a school bus driver, or a school bus fleet contractor in the state of Indiana, it is required that you possess an Indiana School Bus Driver Bond to operate within the state.

Bonds Express offers an Indiana School Bus Driver Bond with a 99% approval rate.  You will be required to provide both business and personal financial statements, in addition to a signed application in order get an Indiana School Bus Driver Bond.

The Indiana School Bus Driver Bond required amount will be explained in your transportation or fleet contract.  For more information, you should refer to Indiana Code (IC) 20-27-5, also known as Chapter 5, Transportation Contracts.

You should know that if you operate a fleet, if you fail to compel the attendance of school bus drivers at an annual safety meeting, this is considered a breach of contract and may ultimately result in the termination of your contract and forfeiture of your surety bond.

A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal.  The Indiana School Bus Driver Bond holds you accountable for your business decisions. By possessing an Indiana School Bus Driver Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.

Our Free 24 Hour Quote Procedure

How to cut down the approval process and keep your cost low:

1.      Our applications are all that's usually needed to get you a price.

2.      Occasionally, more information is needed. If so, we will contact you within 24 hours.

3.      If you have credit issues, approvals might need an additional day.

4.      We never require an application fee. All quotes are 100% free.

5.      Bond approvals, like loans, are based on personal credit, financial strength of the owner, bond amount and type of bond. The more information you provide, the better chance you have of getting the lowest available price and a faster approval.