Illinois Hoffman Estates Contractor Bond
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How much does the Illinois Hoffman Estates contractor bond cost?
The Illinois Hoffman Estates contractor bond costs $100 annually. You can save money by choosing our multi-year discount to extend your bond term during checkout!
How do I get a contractor license bond in Hoffman Estates?
Purchase your Village of Hoffman Estates, Illinois contractor license bond online 24/7. Simply select your preferred term, and provide the following information for filing approval.
- contractor or construction company name
- license type
Once your payment has been received, your official bond documents will be delivered to your email in minutes.
How fast can you get a contractor license surety bond?
SuretyBonds.com offers instant Hoffman Estates contractor bond delivery. Purchase now and receive your official bond delivered in minutes by email.
What is a Hoffman Estates, Illinois contractor bond?
Hoffman Estates, IL Code of Ordinances Section 11-5-1 requires individuals completing construction work to file a $10,000 license and permit bond. The bond guarantees the contractor completes all work according to code requirements and applicable ordinances. If the contractor fails to do so, they risk losing their license and bond forfeiture.
Who needs a contractor bond in Illinois?
A contractor bond is required to be filed by contractors wishing to complete construction work within the Village of Hoffman Estates. State licensed contractors who have filed a bond with the state are exempt from this specific bond requirement.
This bond is only valid for contractors in Hoffman Estates. If you work as a contractor in the state and need a different contractor license bond, we offer other Illinois contractor license bonds.
What does a contractor license bond protect against?
A contractor license bond protects clients if the contractor breaches legislation requirements. If a contractor fails to complete work according to village laws and regulations, the contractor can lose their license and have a claim filed against their bond. The issuing surety company will pay valid claims up to the full bond amount, which the bonded contractor is required to reimburse.
Who regulates licensing for contractors?
The Village of Hoffman Estates enforces license requirements for contractors, including the surety bond requirement. You can contact the village by calling 1(847)781-2631 or emailing [email protected].
Need a surety bond for a construction project in Illinois?
Hoffman Estates, Illinois contractor license bonds are mandatory for local professional regulation compliance. If you need a bond before working on an individual contracted project, you might need a bid bond, payment bond, performance bond, or other type of contract bond.
How do you update or change your bond form?
If the Village of Hoffman Estates requires your bond form to be updated for any reason, contact your surety company. If you purchased your bond from SuretyBonds.com, email [email protected] to explain the needed change. The most common changes for this bond include updating the following personal information.
- license type
How do I renew my contractor license bond?
Your contractor surety bond should be renewed at the end of its current term. Once you pay your SuretyBonds.com renewal invoice, renewal instructions will be sent to keep your bond active for your next license term.
How do I get my contractor license in Hoffman Estates?
Contractors performing work in Hoffman Estates are required to submit the following documentation when applying for a contractor license.
- completed license application
- $10,000 surety bond
- proof of comprehensive general liability insurance
- proof of worker's compensation insurance (if applicable)
- worker's compensation affidavit (if worker's compensation is not required)
- proof of underground (XCU) liability insurance (excavation or right-of-way work only)
- automobile coverage (excavation or right-of-way work only)
- copy of state license (state regulated contractors)
- payment of annual fee
Submit all required documentation to [email protected].