Coal City contractor license bonds.
From $100.
The Village of Coal City requires a contractor doing business within the Village, whether general, carpentry, electrical, drywall, excavating, or a related trade, to register with the Building Department and carry a surety bond as a condition of that registration. Premiums cost 0.5% of the bond amount, $100 minimum.
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How much does a Coal City contractor license bond cost?
0.5% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
The Coal City contractor bond is a short, standard-form filing. Enter your amount, pay, and file with the Village. Here is the whole thing:
Apply online
Your business details, the bond amount your registration requires, and the effective date — that is the application.
Approved
No credit check up to $100,000, and most applications approve instantly.
File with the Village
Your executed bond arrives by email, ready to attach to your contractor registration or permit application at the Building Department. Wet-ink originals mailed on request.
What it is and who needs it.
What the contractor license bond actually guarantees
Coal City's code defines a contractor broadly — general contractors along with carpentry, electrical, drywall, excavating, and similar trade contractors engaged in constructing, altering, or repairing buildings, structures, sidewalks, or street pavements — and requires each to register with the Building Department before working in the Village.
It is a three-party arrangement: you (the principal), the surety carrier, and the Village of Coal City (the obligee), with the Village and the public as the protected parties. If a registered contractor's work causes damage the Village's ordinance covers, or the contractor fails to comply with the registration requirements, the Village can draw on the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. There is no single amount posted for every trade: the Building Department sets the figure on your registration. Enter the amount shown on your registration packet; we price the bond at 0.5% of that figure, $100 minimum.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the Village. Your executed bond arrives by email, ready to attach to your contractor registration or permit application at the Building Department. Wet-ink originals mailed on request.
What sets the price
The premium is 0.5% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $100,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual issuing fields. No credit check up to $100,000.
Start the application →Common questions.
Other Illinois bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Finish your Coal City registration today.
From $100, no credit check up to $100,000. Enter your amount and file with the Building Department the same day. Free until issued.