Electrical Contractor ($1,000) Bond - City of Lafayette, IN in Indiana

Brief Summary

Lafayette licenses electrical contractors at the city level, and the $1,000 contractor bond is a small piece of that file next to the exam or experience record and the $250,000 liability policy. Get the bond in the exact business name on your license application and it will not be the item that holds up your license.

The City of Lafayette, Indiana requires anyone doing electrical work in the city to hold a valid city electrical license or work as a journeyman or trainee under a licensed electrician. This page covers the $1,000 Electrical Contractor bond posted with the City of Lafayette by electrical contractors licensed in the city. Contractors must also carry at least $250,000 in general liability insurance to obtain and renew the license.

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How to Apply for a Electrical Contractor ($1,000) Bond:

• Decide which license you need: Commercial/Industrial Contractor's License or Residential Contractor's License.
• Document ten years of experience, six years plus an electrical engineering degree, or a passing exam result.
• Obtain general liability insurance of at least $250,000.
• Apply for the $1,000 Electrical Contractor bond in the exact business name on the license application, with the City of Lafayette as obligee.
• Confirm the current bond form and filing steps with the City of Lafayette.
• File the bond, insurance proof and license fee with the city, then renew each year to avoid the $25 late fee.

Detailed Information About the Indiana Electrical Contractor ($1,000) Bond:

Lafayette licenses electricians itself

The City of Lafayette requires anyone performing electrical work in the city to hold a valid electrical license, or to be an electrical journeyman or trainee employed or supervised by a licensed electrician. The requirements are set out in section 13.06.020 of the Lafayette Municipal Code and administered through the city's Permits and Licensing office. The Residential Checklist used for building permits states that the electrician will need to be licensed with the City of Lafayette whenever electrical work is part of the scope.

Contractor licenses and fees

The city issues two contractor licenses. A Commercial/Industrial Contractor's License allows a business to engage in electrical construction including industrial, institutional, commercial, residential and sign work. It costs $200 to obtain and $100 a year to renew. A Residential Contractor's License covers residential electrical construction and costs $150 to obtain and $75 to renew. Late renewals carry a $25 fee. Separate Commercial/Industrial Electrician's and Residential Electrician's licenses exist for individual electricians.

Qualifying for a contractor license

For either contractor license the applicant must have ten or more years of experience in electrical construction, or at least six years of experience plus a diploma from a four year electrical engineering college or university, or pass the required examination for the license sought.

The bond and the insurance

The $1,000 Electrical Contractor bond names the City of Lafayette as obligee and backs the contractor's compliance with the city's electrical licensing and permit rules. It does not replace insurance. The city requires proof of general liability insurance of at least $250,000 to obtain and to renew an electrical license. Confirm the current bond form and filing steps with the City of Lafayette before the bond is issued, and keep the bond in force for as long as the license is active.

Eligibility and Requirements for a Indiana Electrical Contractor ($1,000) Bond:

• Bond amount of $1,000 with the City of Lafayette named as obligee.
• General liability insurance of at least $250,000, required at issue and at every renewal.
• Qualification by experience, engineering degree plus experience, or examination.
• License fee of $200 for Commercial/Industrial or $150 for Residential, with annual renewal at $100 or $75.
• Surety review of the business owner's credit before the bond is issued.

Indiana Electrical Contractor ($1,000) Bond FAQs:

Official and Additional Resources for the Indiana Electrical Contractor ($1,000) Bond: