Colona contractor license bonds.
$100 flat.
The City of Colona requires a contractor to post a $10,000 surety bond before it issues or renews a contractor license — ours is $100 flat, and the price you see is the checkout price. No credit check.
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How much does a Colona contractor license bond cost?
$100 at the $10,000 amount, the same for every applicant.
Three steps. One sitting.
Municipal contractor license bonds are about the simplest thing in surety. Here's the entire process:
Apply online
Business details and an effective date. That is the application. No credit check.
Pay & e-sign
License bonds like this are among the thousands of bond types that issue right after purchase.
File with the City
Your executed bond and power of attorney arrive by email, ready to file with your Colona contractor license application or renewal. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Colona licenses contractors working within city limits through its Building Department. Licensing is conditioned on a $10,000 surety bond that stands behind a contractor's compliance with the City's building and permitting requirements.
It's a three-party arrangement: you (the principal), the surety carrier, and the City of Colona (the obligee), with the City and harmed property owners as the protected parties. If a licensed contractor fails to perform work in compliance with City requirements, the harmed party can look to the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. The license and bond typically run together, so we track your term and notify you 60 and 30 days out to keep the filing continuous.
You need this bond if you're
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 $10,000 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; a longer term is the same price per year, chosen at checkout.
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 City. Your executed bond and power of attorney arrive by email, ready to file with your Colona contractor license application or renewal. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $100 at the $10,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
One application, issued instantly.
These are the actual issuing fields. No credit check.
Start the application →Common questions.
Other Illinois bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your Colona contractor license today.
$100 flat, no credit check, bond often issued in the same sitting. Free until issued.