Those applying for an Alcoholic Beverage Permit in the State of Indiana are required under Indiana Code 7.1-3-1-7 et. seq. to execute an Indiana Alcoholic Beverage Bond to ensure compliance with licensure.
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 Alcoholic Beverage Bond holds you accountable for your business decisions.
By possessing an Indiana Alcoholic Beverage Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.