Maywood contractor license bonds.
From $100.
A contractor doing construction, alteration, or repair work in the Village of Maywood must be licensed before permits are issued, and the Community Development Department requires a surety bond as part of that license. The amount depends on the type of contracting work; premiums cost 0.5% of the bond amount, $100 minimum.
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How much does a Maywood 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.
No long underwriting queue for the standard contractor license bond — enter your amount, pay, and file with the Community Development Department. Here is the whole thing:
Apply online
Your company details, the type of contracting work you perform, the bond amount your license requires, and the effective date — that is the application.
Approved
Most contractor license bonds clear quickly — pricing is 0.5% of the bond amount, $100 minimum.
File with the Village
Submit the executed bond to the Community Development Department to complete or renew your Maywood contractor license. Wet-ink originals mailed whenever the Village requires them.
What it is and who needs it.
What the contractor bond actually guarantees
A contractor license bond is a code-compliance guarantee. The Village of Maywood licenses contractors before they may pull building permits, and the license is backed by a surety bond that protects the Village and the public if the contractor's work fails to meet the building code or a permit condition.
It is a three-party arrangement: you (the principal), the surety carrier, and the Village of Maywood (the obligee), acting through its Community Development Department, which oversees contractor licensing and building permits. If licensed work is left non-compliant, unpermitted, or otherwise in violation of the Village's ordinances, the Village can draw on the bond to cover the cost of correction — and if the surety pays, you repay the surety.
Maywood ties the required bond amount to the type of contracting work — the Community Development Department confirms your specific figure when you apply for or renew your license. Enter the amount your paperwork shows; your premium is priced at 0.5% of that amount, $100 minimum. No credit check up to $100,000.
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. Submit the executed bond to the Community Development Department to complete or renew your Maywood contractor license. Wet-ink originals mailed whenever the Village requires them.
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. Your price — from a $100 minimum — is set at application.
Start the application →Common questions.
Other Illinois bonds.
Price and requirements checked on the carrier’s application, . Page updated .
License and permits without the paperwork holdup.
Premiums from $100, no credit check up to $100,000. Enter the amount your license requires and file with Community Development the same day.