Who needs a contractor’s license bond in Oak Forest?
All contractors and subcontractors working in Oak Forest must register with the city. The process includes a contractor registration application and a $10,000 license and permit bond. A certificate of insurance is also required. You can find full details on contractor requirements on the Oak Forest website.
The bonding requirement in Oak Forest is in addition to the state requirement: all licensed plumbing and roofing contractors must post an Illinois contractor license bond. See our page on contractor license bonds in Illinois for more information.
Get Your Oak Forest Contractor License Bond:
How does a contractor’s license bond work?
Contractor license bonds protect a contractor’s clients from damages resulting from faulty work. The bond also guarantees that contractors follow applicable regulations and codes of the obligee (City of Oak Forest). If the contractor neglects any stipulations in the bond agreement, clients can file a claim on the bond to receive compensation.
To obtain a contractor bond in Illinois, you will pay a premium, a small percentage of the full bond amount. ZipBonds can issue contractor bonds quickly – typically for $100.
Frequently Asked Questions
Illinois relies principally on local municipalities to set their own bonding requirements. This means that if you meet the bond requirements in Oak Forest, you will likely also meet state requirements. However, you should verify the requirements for your specific case to know for sure. You can reach out to Oak Forest Building Department or contact us directly.
If you have poor credit, you may still be able to get the bond you need by paying a higher premium. However, we don’t even pull credit information for contractor license bonds. The underwriting is simple and fast, and we often approve and issue these bonds instantly.
Apply for Your Contractor Bond in Oak Forest, 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.