Village of Fox Lake Contractor Bond
Who needs contractor bonds in Fox Lake, Illinois?
Residential, commercial, and right-of-way contractors will need a contractor license bond to operate in Fox Lake, Illinois. Local ordinances include most trades in licensing and bonding requirements. General contractors, building contractors, electrical contractors, HVAC contractors, and others may need to get bonded before starting work in the city.
Three trades of contractors may need a license but do not require a bond to work in Fox Lake. Contractors excluded by local law are plumbing contractors, irrigation contractors, and private alarm contractors.
While working in the area, contractors must also follow county and state bonding requirements. Some contractors, including roofers and plumbers, will also need to secure an Illinois contractor license bond to maintain compliance with the state.
Get Your Fox Lake Contractor License Bond:
How do contractor license bonds work?
The Village of Fox Lake protects its public by requiring contractor bonds. These bonds are an agreement between the contractor, the municipality, and a surety that ensures local building codes are followed. If the contractor’s work fails to meet building and safety standards, any party that experiences damages may file a claim for compensation.
Contractors must secure the required surety bond before submitting their license application (to include it in the paperwork). Once a contractor receives their license, their surety bond will follow the license term.
The bond amount set by Fox Lake is $10,000. Because of simple underwriting, ZipBonds can often issue contractor license bonds without running credit checks for as low as $100.
Apply for Your Contractor Bond in Fox Lake, IL
ZipBonds offers the fastest and most secure option for getting bonded. Our all-digital platform is intuitive and straightforward. Apply online, email firstname.lastname@example.org 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.