Downers Grove contractor license bonds.
From $100.
The Village of Downers Grove requires a contractor working within the Village to register with the Community Development Department and carry a surety bond as a condition of that registration before pulling a building permit. Premiums cost 0.5% of the bond amount, $100 minimum.
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How much does a Downers Grove 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 Downers Grove 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 Community Development. Wet-ink originals mailed on request.
What it is and who needs it.
What the contractor license bond actually guarantees
Downers Grove requires a contractor to register with the Community Development Department before pulling a building permit, and conditions that registration on a surety bond that stands behind the contractor's work and compliance with the Village's building requirements.
It is a three-party arrangement: you (the principal), the surety carrier, and the Village of Downers Grove (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, 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 contractor: the Community Development Department sets the figure on your registration, and it can vary by the scope and type of work you register for. 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 Community Development. 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 Downers Grove registration today.
From $100, no credit check up to $100,000. Enter your amount and file with Community Development the same day. Free until issued.