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 — no credit check.
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How much does a Maywood electrical contractor bond cost?
$100 at the $10,000 amount, the same for every applicant.
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 is the application. No credit check.
Pay & e-sign
Municipal license bonds like this are among the thousands of bond types that issue right after purchase.
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
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 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 sets the price
The premium is fixed at $100 at the $10,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
One application, issued instantly.
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 .
License your Maywood electrical contracting business today.
$100 flat, no credit check, bond often issued in the same sitting. Free until issued.