Oakwood Hills contractor bonds.
$100 flat.
Also known as the Oakwood Hills, Illinois Contractor License Bond.
The Village of Oakwood Hills requires the general contractor on a permitted job, or, with no general contractor, each contractor or the homeowner, to deposit a $10,000 bond annually with the Building/Code Official under Municipal Code § 6-1201.2. Ours is $100 flat for a term.
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How much does an Oakwood Hills contractor bond cost?
$100 at the $10,000 amount, the same for every applicant.
Bonded before the permit issues.
The Village wants the bond with your building permit application. Here is the whole process on our side:
Apply online
Your business (or, for an owner-builder, your own) details and the effective date. No financials, no credit check.
Pay & e-sign
This bond is among the thousands of bond types that issue right after purchase. The $10,000 amount is set by the Village; the $100 price is fixed by our carrier.
File with the Building Department
Your executed bond and power of attorney arrive by email, ready to submit with your permit application to the Oakwood Hills Building/Code Official. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Oakwood Hills, a McHenry County village, does not issue a separate contractor license. What the carrier calls a “Contractor License” bond is the Annual Bond in Chapter 6 of the Village Code: under § 6-1201.2, each general contractor — or, if there is no general contractor, each contractor or homeowner — must deposit with the Building/Code Official a bond annually in the penal sum of $10,000, with surety approved by the Village’s corporate authorities.
The bond is an indemnity to the Village, not consumer protection. It holds the Village harmless against loss, costs, damage or judgment of any kind that the Village or its officials may suffer by reason of anything done — or neglected to be done — under the authority given to the contractor. All bonds are payable to the Village of Oakwood Hills, Illinois and must be delivered no later than the time the permit is issued.
Do not confuse it with the separate $10,000 temporary-occupancy performance bond in the same section, which secures unfinished exterior work under a temporary certificate of occupancy. Illinois roofing and plumbing licenses are also still required separately. It is not insurance for you — if the surety pays a claim, you repay the surety.
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 term is set on the carrier’s application; the premium covers the period shown there.
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 Building Department. Your executed bond and power of attorney arrive by email, ready to submit with your permit application to the Oakwood Hills Building/Code Official. 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 .
Get your Oakwood Hills bond today.
$100 flat, no credit check, bond often issued in the same sitting. Free until issued.