Who needs a contractor license bond in Berwyn?
The City of Berwyn Public Works Department handles contractor license and bonding requirements in the city. This department requires contractors to obtain a license bond for $10,000, $25,000, or $50,000, depending on the license type.
Reach out to the Public Works Department for information regarding your specific licensing needs. You can also contact ZipBonds directly with any surety bond questions. Keep in mind that the Berwyn bond requirement is in addition to the statewide Illinois requirement. All licensed plumbing and roofing contractors must obtain an Illinois contractor license bond.
Get Your Berwyn Contractor License Bond:
How does a contractor bond work?
A contractor license bond protects clients from any damages resulting from faulty work by the contractor. The bond guarantees that the contractor meets applicable regulations and codes of the obligee (The City of Berwyn). If the contractor neglects any stipulations in the bond agreement, clients can file a claim on the bond to receive compensation for damages.
The contractor is the principal in the bond agreement. In the case of an approved claim, the surety company initially compensates clients up to the full bond amount. The contractor must then repay the surety for this amount.
To obtain a contractor bond in Illinois, you will pay a premium, a small percentage of the bond amount. ZipBonds can issue contractor bonds quickly – often for just $100.
Frequently Asked Questions
Strive always to perform your work professionally and efficiently. If a client has a complaint, try rectifying it before it becomes a claim.
Usually, those with poor credit can still obtain their required bond. You may have to pay a higher premium because of the increased bonding risk. However, we don’t even pull credit information for contractor license bonds. The underwriting is simple and fast. We can often approve and issue these bonds instantly.
Apply for Your Contractor Bond in Berwyn, IL
ZipBonds offers the fastest and most secure option for getting bonded. Our all-digital platform is intuitive and straightforward. Apply online, email email@example.com or call 888.435.4191 to speak with an agent directly.
Founders Ryan Swalve and Zach Mefferd formed the vision for ZipBonds.com when they realized how overly complicated it was to help clients place surety. The frustration of being unable to incorporate the technology they’d used in other insurance-focused projects left them thinking “there has to be a better way.”
Fast forward a couple of years, and that better way is the impetus of everything we do at ZipBonds. We constantly look for innovative ways to improve the bonding process for our clients and agents. Our team comprises individuals who understand all angles of surety – for companies, agencies, and individuals. Incorporating everyone’s point of view to improve the process while simultaneously integrating cutting-edge technology is what sets our business apart.