The Illinois Statewide Contractor License Bond guarantees that contractors will comply with local building codes, licensing laws, and pay all required fees when performing construction work. This bond is required under the Illinois Contractor Unified License and Permit Bond Act (50 ILCS 830) and protects clients, subc…
Overview
What it is.
The Illinois Statewide Contractor License Bond guarantees that contractors will comply with local building codes, licensing laws, and pay all required fees when performing construction work. This bond is required under the Illinois Contractor Unified License and Permit Bond Act (50 ILCS 830) and protects clients, subc…
Who usually needs it
General contractors, specialty contractors, and subcontractors performing construction, alteration, repair, moving, wrecking, or demolition work in Illinois municipalities that require licensing. This includes roofing contractors (regulated by IDFPR), plumbing contractors (regulated by IDPH), and general contractors working across multiple jurisdictions.
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateILBond amount$25,000ObligeeVarious: IDFPR, IDOT, or Local City/Village Building DepartmentsBond classLicense BondCategoryConstructionBondIllinois Statewide Contractor License BondPlain descriptionThe Illinois Statewide Contractor License Bond guarantees that contractors will comply with local building codes, licensing laws, and pay all required fees when performing construction work. This bond is required under …Who needs this bondGeneral contractors, specialty contractors, and subcontractors performing construction, alteration, repair, moving, wrecking, or demolition work in Illinois municipalities that require licensing. This includes roofing c…
FAQ
Common questions.
What is the bond amount for an Illinois Statewide Contractor License Bond?
The bond amount varies by county location. For counties within the Northeastern Illinois Planning Act region, the minimum bond amount is $50,000. For all other Illinois counties, the minimum is $25,000. Individual municipalities may set their own requirements within these parameters, so check with your specific city or village building department.
Who needs an Illinois Statewide Contractor License Bond?
Any contractor performing construction, alteration, repair, moving, wrecking, or demolition work in Illinois municipalities that require licensing must obtain this bond. This includes general contractors, specialty contractors (such as roofing contractors regulated by IDFPR and plumbing contractors regulated by IDPH), and subcontractors working across multiple jurisdictions in Illinois.
Who can file a claim against an Illinois Contractor License Bond?
Clients, property owners, subcontractors, or material/labor suppliers who have been harmed by the contractor's fraud, violation of licensing laws, or failure to fulfill contractual obligations can file a claim against the bond. Valid claims are investigated by the surety company and paid up to the bond amount. The contractor (principal) is then required to reimburse the surety for all paid claims.
