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How Much Does an Illinois Contractor License Bond Cost?
The cost of an Illinois contractor license bond is between $100 to $2,500 or more. The state requires lawn sprinkler system contractors and plumbing contractors to have a $20,000 bond. Roofing contractors need a $10,000 or $25,000 bond. Many cities and counties also have bond requirements.
Your Illinois contractor bond is available through a surety company at a premium price. As a licensed surety company in Illinois, we bond more than 99% of applicants. Premium rates range from 1% to 10% of the bond amount.
Your premium rate is determined by your financial assets, credit scores and professional credentials. We have been serving the bond needs of Illinois’ contractors for more than a decade, and we offer all types of contractor bonds.
Your premium rate will be 1% to 3% with a 700 credit score or higher. With a 600 to 699 credit score, the rate will be between 3% and 5%. With a score of 599 or lower, the rate will be between 5% to 10%.
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Surety Bond Cost Based on Credit Score |
||||
|
Surety Bond Name |
Surety Bond Amount |
Over 700 |
Between 600 - 699 |
Below 599 |
|
Department of Financial and Professional Regulation Limited Roofing Contractor Bond |
$10,000 |
$100 - $300 |
$300 - $500 |
$500 - $1,000 |
|
Department of Financial and Professional Regulation Unlimited Roofing Contractor Bond |
$25,000 |
$250 - $750 |
$750 - $1,250 |
$1,250 - $2,500 |
|
Department of Public Health Irrigation and Lawn Sprinkler Systems Contractor Bond |
$20,000 |
$200 - $600 |
$600 - $1,000 |
$1,000 - $2,000 |
|
Department of Public Health Plumbing Contractor Bond |
$20,000 |
$200 - $600 |
$600 - $1,000 |
$1,000 - $2,000 |
How to Get an Illinois Contractor License Bond
1. Determine the Surety Bond You Need
In addition to the state-level bond requirements for plumbers, roofers and lawn sprinkler system contractors, numerous states and counties hold additional bond requirements. Resource links are available below to aid in your research.
George reached out to us for a roofing contractor surety bond recently. He was eager to start working soon, so he appreciated our online application and instant bond quote. We emailed his bond after he made the payment, and now he has a roofing business in Chicago.
2. Apply for Your Contractor Bond
Once you know the contractor bond requirements that pertain to you, take a few minutes to complete the online application. Several surety bond plans are available to accommodate most credit scores. We are available to answer your questions and help you set up your Illinois contractor bond.
3. Get a Quote
Our bond process is fast and straightforward. We provide instant bond quotes to our valued clients. For more complicated applications that require additional review, we will provide a competitive quote in 48 hours or sooner.
4. Buy Your Bond
To finalize your contractor bond purchase, use our online payment portal. We will promptly prepare your bond and email it to you. If requested, we are happy to mail your surety bond as well.
Our bond experts are happy to answer your questions and help you set up your Illinois surety bond. For assistance, please contact us or call us at (877) 514-5146.
Apply for a free no-obligations quote on your contractor license bond!
Contractor License Bond Requirements in Illinois
In Illinois, roofers, plumbers and lawn sprinkler system contractors are subject to state license and bond requirements. The Department of Financial and Professional Regulation requires roofers to have a $10,000 limited bond or a $25,000 unlimited surety bond.
The Illinois Department of Public Health requires a $20,000 bond for lawn sprinkler system contractors. It also requires a $20,000 bond for plumbers.
For these bonds, the obligee is the State of Illinois and the People of Illinois. These are continuous bonds that remain in force until canceled.
Under the Illinois Contractor Unified License and Permit Bond Act, construction contractors must file a surety bond. The bond must be filed directly with the appropriate city or county. Some of the cities and counties include:
|
Surety Bond |
Bond Amount |
Premium |
|
$25,000 |
From $250 |
|
|
$20,000 |
From $200 |
|
|
$40,000 |
From $400 |
|
|
$500 |
From $100 |
|
|
$10,000 |
From $100 |
|
|
$20,000 |
From $200 |
|
|
$50,000 |
From $500 |
|
|
$10,000 |
From $100 |
|
|
$20,000 |
From $200 |
|
|
$1,000 - $100,000 |
From $100 |
|
|
$10,000 |
From $100 |
|
|
$20,000 |
From $200 |
|
|
$10,000 |
From $100 |
|
|
$20,000 |
From $200 |
|
|
Village of Downers Grove Contractor Bond |
$15,000 |
From $150 |
|
Downers Grove Sanitary District Sewer Contractor Bond |
$10,000 |
From $100 |
|
Village of East Hazel Crest Contractor Bond |
$10,000 |
From $100 |
|
$10,000 |
From $100 |
|
|
City of East Peoria Contractor Bond |
$10,000 |
From $100 |
|
City of East St. Louis Contractor Bond |
$10,000 |
From $100 |
|
City of Effingham General Contractor Bond |
$20,000 |
From $200 |
|
$20,000 |
From $200 |
|
|
$5,000 |
From $100 |
|
|
$10,000 |
From $100 |
|
|
Dupage County Contractor Bond |
$20,000 |
From $200 |
|
Grundy County Contractor Bond |
$10,000 |
From $100 |
|
Kankakee County Contractor Bond |
$10,000 |
From $100 |
|
Rock Island County Contractor Bond |
$10,000 |
From $100 |
|
Will County Contractor Bond |
$10,000 |
From $100 |
|
City of Aledo Contractor Bond |
$10,000 |
From $100 |
|
City of Alton Contractor Bond |
$10,000 |
From $100 |
|
Village of Bloomingdale Contractor Bond |
$10,000 |
From $100 |
|
City of Bloomington HVAC Contractor Bond |
$10,000 |
From $100 |
|
City of Blue Island Contractor Bond (General, Asphalt, HVAC, Electrical) |
$10,000 |
From $100 |
|
City of Blue Island Contractor Bond (Excavator, Plumbing, Sewer) |
$10,000 |
From $100 |
|
Village of Lakemoor Contractor Bond |
$10,000 |
From $100 |
|
Village of Lake Zurich Contractor Bond |
$10,000 |
From $100 |
|
Village of Lakewood Contractor Bond |
$10,000 |
From $100 |
|
Village of Lansing Contractor Bond |
$10,000 - $20,000 |
From $100 |
|
Village of Lincolnwood Contractor Bond |
$10,000 |
From $100 |
|
Village of Lindenhurst Contractor Bond |
$5,000 |
From $100 |
|
Village of Olympia Fields Contractor Bond |
$10,000 |
From $100 |
|
Village of Orland Hills Contractor Bond |
$10,000 |
From $100 |
|
Village of Oswego Contractor Bond - General Contractors |
$20,000 |
From $200 |
|
Village of Oswego Subcontractor Bond |
$10,000 |
From $100 |
|
Village of Brookfield Permit Bond |
$10,000 |
From $100 |
|
City of Ottawa Contractor Bond |
$10,000 |
From $100 |
|
City of Decatur Street Construction and Excavation Contractor Bond |
$5,000 |
From $100 |
|
$20,000 |
From $200 |
The obligee and bond term requirements vary by city and county. The bond’s premium is due annually to maintain the bond. We will contact you prior to the due date each year with payment instructions to help you maintain your bond.
How to Get Your Illinois Contractor License
We can help you learn how to get a contractor license. The specific contractor registration requirements vary by trade and location. However, some of the information that may be required include:
- Application
- A surety bond
- Proof of liability insurance
- Application fee
- Business entity documentation for an LLC, corporation or assumed business name
- Workers' compensation insurance, if applicable
Full details about the contractor bond requirements that pertain to you are available through your local authority.
To learn about roofing contractor requirements, contact the Illinois Department of Financial and Professional Regulations at (888) 473-4858. For information about plumbing and irrigation contractor requirements, call the Illinois Department of Public Health at (217) 524-0791.
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What Our Clients Have To Say?
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!
