Maywood electrical contractor bonds.
$100 flat.
The Village of Maywood requires a licensed electrical contractor to file a $10,000 bond with the Director of Finance before doing business in the village — ours is $100 flat, and the price you see is the checkout price. The bond issues the moment you pay — a soft credit pull at most, never a hard inquiry.
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Three steps. One sitting.
Municipal contractor bonds are about the simplest thing in surety. Here's the entire process:
Apply online
Business details and an effective date. That's the application — no financials, no credit section.
Pay & e-sign
Municipal license bonds like this are among the thousands of bond types that issue right after purchase. At most, 1–2 business days.
File with the Village
Your executed bond and power of attorney arrive by email, ready to deposit with the Maywood Director of Finance alongside 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 Maywood requires anyone engaging in the business of electrical contractor to register with the Village and file a bond before doing business in the village. An electrical contractor's bond amount is $10,000, deposited with the Director of Finance, with surety approved by the Village Board of Trustees.
It's a three-party arrangement: you (the principal), the surety carrier, and the Village of Maywood (the obligee), with the village and harmed property owners as the protected parties. The code frames the bond's purpose plainly: to protect the Village from loss or liability caused by the licensed contractor's work.
It is not insurance for you — if the surety pays a claim, you repay the surety. Maywood contractor licenses renew annually by December 31, alongside the license fee set under § 110.13, so plan your bond renewal to match.
You need this bond if you're
One application, issued instantly.
These are the actual issuing fields — no credit section, because this application doesn't collect credit information.
Start the application →Common questions.
Other Illinois bonds.
License your Maywood electrical contracting business today.
$100 flat, soft pull only, bond often issued in the same sitting. Free until issued.