Forest Park contractor license bonds.
$100.
The Village of Forest Park requires anyone doing contracting work in the village to carry a $10,000 surety bond on file with the Building Department before a permit will issue. The village sets the bond amount; our rate is 0.5% of the bond amount, $100 minimum, and no credit check.
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How much does a Forest Park contractor license bond cost?
$100 for the $10,000 bond: the carrier’s $100 minimum, since 0.5% of the amount comes to less.
Three steps. One sitting.
No underwriting queue for the standard village contractor bond — apply, pay, and file with the Building Department. Here is the whole thing:
Apply online
Your business details and an effective date — the bond amount is already set at $10,000, so there is nothing to size.
Issued on the spot
No credit check, so most contractor bonds like this issue the moment you pay.
File with the Building Department
Submit the executed bond and power of attorney with your contractor license application. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
The Village of Forest Park requires a contractor to file a $10,000 surety bond with the Building Department before the village will issue building permits to that contractor. The bond stands behind the contractor's compliance with village building requirements and permit conditions.
It's a three-party arrangement: you (the principal), the surety carrier, and the Village of Forest Park (the obligee), with the village and harmed property owners as the protected parties. If a contractor's work fails to meet code or leaves covered obligations unpaid, the village or a harmed party can look to the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. Forest Park separately requires proof of $1,000,000 in liability insurance naming the village as certificate holder, and a demolition contractor posts a larger $30,000 bond instead of this one.
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 bond runs to April 30 whatever day you buy; the premium covers the period to that date.
Renewal falls on the statutory date, April 30, in the year your term ends.
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 Building Department. Submit the executed bond and power of attorney with your contractor license application. Wet-ink original 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.
One application, issued on the spot.
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 .
Get your Forest Park license bond today.
0.5% of the bond amount, $100 minimum, no credit check, bond often issued in the same sitting. Free until issued.