Posen contractor license bonds.
From $100.
Cook County's Village of Posen requires every trade contractor working in the Village to hold a Village contractor's license — even where the state already licenses the trade — and the Building Department conditions that license on a surety bond. Ours costs 0.5% of the bond amount, $100 minimum, priced at application.
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How much does a Posen contractor license bond cost?
0.5% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
Village contractor license bonds are simple once you have your required amount. Here's the whole thing:
Apply online
Your business details, the trade you perform, the obligee (Village of Posen), the bond amount the Building Department requires, and the effective date.
Approved
No credit check up to $10,000, so most applicants approve instantly. Pricing is 0.5% of the bond amount, $100 minimum.
File with the Village
Your executed bond and power of attorney arrive by email, ready to file with your contractor's license application at Village Hall. Wet-ink original mailed on request.
What it is and who needs it.
What the contractor license bond actually guarantees
The Village of Posen requires every contractor and trade — plumbers, electricians, general contractors, and others — to be licensed by the Village for the protection of residents, even when the tradesperson is separately licensed by the State of Illinois. The Building Department conditions issuance of that Village license on a surety bond.
It's a three-party arrangement: you (the principal), the surety carrier, and the Village of Posen (the obligee), with Posen residents and the Village as the protected parties. If licensed work is performed improperly or a Village code violation causes loss, a claim can be made against the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. Posen's public Building Department materials do not list a single bond figure for every trade, so confirm the amount that applies to your license class before applying — we'll issue whatever amount the Village requires.
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 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.
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 your contractor's license application at Village Hall. Wet-ink original mailed on request.
What sets the price
The premium is 0.5% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $10,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual issuing fields. No credit check up to $10,000, so your bond amount is what mainly drives your price.
Start the application →Common questions.
Other Illinois bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Get your Posen contractor license moving.
From $100, priced at application. Enter your amount and file with the Village the same day.