This surety bond is required by the State of Indiana Department of Natural Resources, Division of Forestry under IC 25-36.5-1-3. The bond is used to pay the timber grower for timber purchased by a buyer, but not paid for, and for timber wrongfully cut and not paid for. The amount of the bond depends on the amount of timber the buyer expects to purchase for the year (bond amounts range from $2,000 to $20,000), but regardless of the bond amount, Surety1 can provide the bond quickly and at the most competitive price.
To Secure an Indiana Timber Buyer Bond:
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.