Who needs a contractor bond in Streamwood, IL?
General contractors, electrical contractors, and subcontractors may need a contractor license bond to work in Streamwood, Illinois.
When contractors are licensed and bonded for Streamwood, these credentials may be accepted by surrounding municipalities as well, including the following:
- Village of Buffalo Grove
- City of Chicago
- Village of Orland Park
- City of Elgin
- City of Elmhurst
- Village of Elmwood Park
- City of Glenview
- City of Naperville
- City of North Chicago
- City of Northlake
- Village of Schaumburg
- City of Waukegan
- City of Wood Dale
- Village of Hinsdale
- City of Woodstock
Streamwood municipal ordinances set the guidelines for professionals performing construction-related activities in the area. Some contractors, such as plumbing and roofing contractors, may also need an Illinois contractor license bond to work anywhere in the state.
Get Your Streamwood Contractor License Bond:
How does a contractor license bond work?
Bond amounts, application fees, and documentation requirements vary by trade. The Village of Streamwood contractor license application details each profession’s requirements:
|Type of Contractor||Bond Amount||Application Fee||Documentation|
|General Contractors||$15,000||$100||– Bond Certificate|
– Certificate of Insurance
|Electrical Contractors||$10,000||$75||– Certificate of Insurance|
– Electrical License or Supervising Electrician’s Card
|Subcontractors||$10,000||$75||– Bond Certificate|
– Certificate of Insurance
Generally, licenses and bonds are good for one year and must be renewed by their date of issuance the following year. While bonds are active, the public has a financial guarantee that contractors in the area will perform quality work – or take responsibility for damages resulting from subpar work.
If you have any questions, we’d love to help you! Just give us a call at 888-435-4191, and one of our agents will help you get the bond you need in a zip.
Apply for Your Contractor Bond in Streamwood, 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.