Village of Shorewood, IL - General Contractor
Flat Rate & No Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
| $10,000 | 1 Year | $100 |
To receive a General Contractor license in Shorewood, businesses must provide this $10,000 surety bond to the Building Department as financial security. The bond helps ensure that the general contractor oversees project obligations in compliance with applicable municipal ordinances and addresses covered code violations identified by inspectors.
Cost of a Village of Shorewood, IL General Contractor Bond
The cost of the $10,000 Village of Shorewood, Illinois Contractor License Bond is $100 for a one-year bond term. Get your bond from NNA Surety and use it today.
Why You Need a Village of Shorewood, IL General Contractor Bond
The Village of Shorewood General Contractor Bond helps hold general contractors accountable for obligations associated with local licensing, municipal ordinances, code requirements, and covered construction work. It provides a financial safeguard when a bonded contractor fails to meet obligations secured by the bond.
The surety bond involves three parties:
- Principal: General contractor
- Obligee: Village of Shorewood, 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 Village of Shorewood, IL General Contractor Bond
Follow this simple bonding process:
- Complete this bond application with your business and general contractor information.
- Pay the $100 annual premium for the $10,000 bond.
- Receive the required bond form and complete any required execution information.
- Submit the bond to the Village of Shorewood Building Department as required for your General Contractor license.
Working with NNA Surety makes it simple to obtain the general contractor bond required for your business.
Apply for Your Village of Shorewood, IL General Contractor Bond Today
Secure your Village of Shorewood, IL General Contractor 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.