Every general and subcontractor working in the Village of Lakemoor must file an original $10,000 surety bond with the village, naming the Village of Lakemoor and any applicable third-party beneficiaries as obligees, before a building permit will be issued. Our rate is 0.5% of the bond amount, $100 minimum, and the application collects no credit information.
















No underwriting queue for the standard village contractor bond — apply, pay, and file with the village. Here is the whole thing:
Your business details and an effective date — the bond amount is already set at $10,000.
The application collects no credit information, so most contractor bonds like this issue the moment you pay.
The original executed bond, listing the Village of Lakemoor and third-party beneficiaries as obligees, is mailed to Village Hall — a faxed or emailed copy is accepted to hold your place while the original is in transit.
The Village of Lakemoor requires every general contractor and subcontractor to file an original $10,000 surety bond before a building permit will be issued. The bond assures that the contractor's work will be completed in accordance with the building permit and the village's code, and it names the Village of Lakemoor and applicable third-party beneficiaries as obligees.
It's a multi-party arrangement: you (the principal), the surety carrier, and the village and its named third-party beneficiaries as obligees — so a harmed property owner covered by the bond, not just the village itself, can potentially look to it. If a contractor's work fails to meet the permit conditions or village code, a claim can be made against the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. Lakemoor requires the signed original bond to be mailed to Village Hall; we deliver an executed bond you can mail the same day, and a faxed copy is accepted in the meantime.
These are the actual issuing fields — no credit section, because this application doesn't collect credit information.
Start the application →0.5% of the bond amount, $100 minimum, soft pull only, bond often issued in the same sitting. Free until issued.