Maywood excavation/wrecker bonds.
$100 flat.
The Village of Maywood, a Cook County suburb along the Des Plaines River, licenses excavation and wrecker (demolition) contractors and conditions that license on a $20,000 surety bond deposited with the Director of Finance. Ours is $100 flat. The bond issues the moment you pay — no credit check.
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How much does a Maywood excavation/wrecker bond cost?
$100 at the $20,000 amount, the same for every applicant.
Three steps. One sitting.
A Village of Maywood contractor bond is about the simplest filing 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
Registration 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 file with the Maywood Director of Finance alongside your license application. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Maywood licenses contractors by trade class under Code of Ordinances § 111.03, and each class carries its own bond amount — $20,000 for excavation and wrecker (demolition) contractors, a lower $5,000 for general building, carpenter, cement, and masonry contractors. The bond is deposited with the Village's Director of Finance, with surety approved by the Board of Trustees, before the Village will license the applicant.
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. If a licensed excavation or wrecker contractor's work causes a loss the licensing requirement is meant to guard against, the Village can draw on the bond up to the $20,000 penal sum.
It is not insurance for you — if the surety pays a claim, you repay the surety. Confirm your trade class with the Village before applying: a general building contractor files the lower $5,000 bond, while excavation and wrecker work specifically calls for this $20,000 filing.
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 $20,000 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 file with the Maywood Director of Finance alongside your license application. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $100 at the $20,000 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 .
Clear Maywood's license desk today.
$100 flat, no credit check, bond often issued in the same sitting. Free until issued.