Franklin Park contractor license bonds.
$100.
The Village of Franklin Park requires every licensed and sub-contractor to file a $10,000 license and permit bond specific to their trade with the Department of Inspectional Services before the annual contractor license issues. The village sets the bond amount; our rate is 0.5% of the bond amount, $100 minimum, and no credit check.
Trusted by industry leaders
How much does a Franklin 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 Inspectional Services. Here is the whole thing:
Apply online
Your business details, your contractor type, and an effective date — the bond amount is already set at $10,000.
Issued on the spot
No credit check, so most contractor bonds like this issue the moment you pay.
File with Inspectional Services
Submit the executed bond and power of attorney with your annual contractor license application, attention the Department of Inspectional Services. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
The Village of Franklin Park licenses contractors annually — the license year runs May 1 through April 30 — through its Department of Inspectional Services. Every contractor and sub-contractor, other than demolition contractors, files a $10,000 license and permit bond specific to the trade they perform, alongside a certificate of liability insurance covering at least $1,000,000.
It's a three-party arrangement: you (the principal), the surety carrier, and the Village of Franklin 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. A demolition contractor instead posts a $50,000 bond, and a plumbing contractor separately files a $20,000 Illinois Department of Public Health bond in place 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 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 Inspectional Services. Submit the executed bond and power of attorney with your annual contractor license application, attention the Department of Inspectional Services. 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 Franklin 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.