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 price you see is the checkout price. The bond issues the moment you pay — a soft credit pull at most, never a hard inquiry.

Required to license as an excavation or wrecker contractor in the Village of Maywood
Fixed price, fixed amount — $20,000 bond, $100, no quote process
Multi-year terms available — set it up once for up to 3 years
A-ratedA.M. Best carriersInstantunderwriting process1–3 yrterms available
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Triple Five
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How it works

Three steps. One sitting.

A Village of Maywood contractor bond is about the simplest filing in surety. Here's the entire process:

NOW · ONLINE

Apply online

Business details and an effective date. That's the application — no financials, no credit section.

MINUTES, USUALLY

Pay & e-sign

Registration bonds like this are among the thousands of bond types that issue right after purchase. At most, 1–2 business days.

SAME DAY

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.

About this bond

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.

Maywood Code of Ordinances § 111.03 (Contractors)Section 111.03 of the Maywood Code of Ordinances conditions a contractor's license on a bond deposited with the Director of Finance, with surety approved by the Board of Trustees. The section sets a $20,000 bond for excavation and wrecker contractors and a $5,000 bond for general building, carpenter, cement, and masonry contractors — confirm your specific trade class and the current bond figure with the Village before filing.

You need this bond if you're

Licensing as an excavation contractor in the Village of Maywood
Licensing as a wrecker (demolition) contractor in the Village
Renewing your Village license before your current bond lapses
New to the Maywood market and applying for your first excavation or wrecker license

One application, issued instantly.

These are the actual issuing fields — no credit section, because this application doesn't collect credit information.

Start the application →
FAQ

Common questions.

How much is the Maywood excavation/wrecker contractor bond?The premium is $100 flat — set by our carrier's rate book for this bond, the same for every applicant in this class. The $20,000 bond amount is set by Village Code § 111.03, so there is no quote process.
Do I pay the $20,000?No. You pay $100. The $20,000 is the surety's maximum liability if a valid claim is made against the bond — not a deposit, and nobody holds your money.
How fast will I have the bond?Registration bonds like this are among the thousands of bond types that issue right after purchase — many contractors finish the application and have the bond in the same sitting. At most, 1–2 business days.
Is there a credit check?The application collects no credit information, so most applicants approve instantly. If a check ever runs on this bond, it's a soft pull that won't affect your score.
What if I only do general building work, not excavation or wrecking?Then Village Code § 111.03 sets a lower $5,000 bond for general building, carpenter, cement, and masonry contractors — this $20,000 filing is specific to excavation and wrecker (demolition) work. Confirm your class with the Village before applying.
Related bonds

Other Illinois bonds.

Clear Maywood's license desk today.

$100 flat, soft pull only, bond often issued in the same sitting. Free until issued.

Your price$100
Apply now →