Village of Frankfort, IL - Contractor
Competitive Rates
| Bond Amount Required | Bond Term | Annual Premium |
| $25,000 | 1 Year | $125 |
General contractors applying for a license to perform applicable construction work in Frankfort, Illinois, must meet the village's licensing and bonding requirements. Required by the Village of Frankfort, the contractor bond helps ensure contractors comply with applicable local requirements while performing permitted work.
Cost of the Village of Frankfort Contractor Bond
The cost of the $25,000 Village of Frankfort contractor bond is $125 per bond term with NNA Surety. Secure this surety bond today.
How the Village of Frankfort Contractor Bond Works
The Frankfort contractor bond helps protect the village and public by holding licensed general contractors financially accountable for obligations covered by the bond.
The bond involves three parties:
- Principal: General contractor
- Obligee: Village of Frankfort, Illinois
- Surety: Bonding company
A claim against the bond may be filed when a contractor fails to meet an obligation covered by the bond. The principal is responsible for repaying valid claims paid by the surety.
How to Get the Village of Frankfort Contractor Bond
Follow these simple steps to get bonded with NNA Surety:
- Complete this short online application.
- Pay the $125 bond premium.
- Receive the bond form via email.
- Download and file the bond as required by the Village of Frankfort.
Learn more about your Illinois surety bond options across the state.
Get Your Village of Frankfort IL Contractor Bond
Ready to meet your Frankfort contractor bonding requirements? Complete this form or call 855-457-2196 to get bonded.