Village of Phoenix, IL - Contractor
Flat Rates & No Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
| $10,000 | 1 Year | $100 |
Contractors performing applicable work in Phoenix, Illinois, must meet village licensing and bonding requirements. Required by the Village of Phoenix, the contractor bond helps ensure contractors comply with applicable municipal code and permit requirements and provides financial protection for covered violations.
Cost of the Village of Phoenix Contractor Bond
The cost of the $10,000 Village of Phoenix contractor bond is $100 per bond term with NNA Surety. Secure this surety bond today.
How the Phoenix Contractor Bond Works
The Phoenix contractor bond helps protect the village and its residents by holding contractors financially accountable for complying with applicable local requirements and covered workmanship obligations.
The bond involves three parties:
- Principal: Contractor
- Obligee: Village of Phoenix, 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 Phoenix Contractor Bond
Follow these simple steps to get bonded with NNA Surety:
- Complete this short online application.
- Pay the $100 bond premium.
- Receive the bond form via email.
- Download and file the bond as required by the Village of Phoenix.
Learn more about your Illinois surety bond options across the state.
Get Your Village of Phoenix IL Contractor Bond
Ready to meet your Phoenix contractor bonding requirements? Complete this form or call 855-457-2196 to get bonded.