City of Chicago, IL - General Contractor License
Competitive Rates
| Contractor Type / Activity | Bond Amount Required | Bond Term |
| Most General Contractors | $10,000 | 1 Year |
| Specialized Activities (such as demolition or drain laying) | $20,000-$50,000 | 1 Year |
The City of Chicago, Illinois requires a surety bond for most general contractors as part of applicable licensing requirements. The bond helps support compliance with applicable municipal code requirements and provides financial protection against covered property damage or other bonded obligations.
Cost of a City of Chicago, IL General Contractor License Bond
The cost of a City of Chicago, IL general contractor license bond varies based on the required bond amount, contractor activity, and applicable underwriting. Get your bond from NNA Surety and use it today.
Why You Need a City of Chicago, IL General Contractor License Bond
The City of Chicago general contractor license bond helps hold contractors accountable for complying with applicable municipal requirements. It provides a financial safeguard when a bonded contractor fails to meet obligations secured by the bond.
The surety bond involves three parties:
- Principal: Contractor
- Obligee: City of Chicago, IL
- Surety: Bonding company
If a bonded contractor fails to meet obligations covered by the bond, an eligible claim may be made against the bond. The contractor is responsible for reimbursing the surety for any valid claim amount paid.
How to Get a City of Chicago, IL General Contractor License Bond
Follow this simple bonding process:
- Complete this bond application with your business, contractor classification, and licensing information.
- Pay the applicable premium based on the required bond amount and underwriting.
- Receive the required bond form and complete any required execution information.
- Submit the bond to the applicable City of Chicago licensing authority as required for your contractor license.
Working with NNA Surety makes it simple to obtain the contractor license bond required for your business.
Apply for Your City of Chicago, IL General Contractor License Bond Today
Secure your City of Chicago, IL general contractor license bond and meet the applicable bonding requirements for your business. Apply Now to get started. For more information, call 855-457-2196 to speak to our team of Illinois surety bond experts.