Rolling Meadows contractor license bonds.
From $100.
The City of Rolling Meadows requires every contractor working in the city to hold a business license backed by a surety bond, filed with the Building Department before the first permit is pulled. Premiums cost 0.5% of the bond amount, $100 minimum. No credit check up to $50,000, and most applications approve instantly.
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How much does a Rolling Meadows 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.
Rolling Meadows contractor bonds are a short, standard-form obligation tied to your trade license. Enter your amount and file with the Building Department. Here is the whole thing:
Apply online
Your business details, the trade you are licensed for, the bond amount that trade requires, and the effective date — no financials, no credit check up to $50,000.
Approved
No credit check up to $50,000, so most Rolling Meadows contractor bonds approve instantly — pricing is 0.5% of the bond amount, $100 minimum.
File with the Building Department
Your executed bond and power of attorney arrive by email, ready to file with your annual contractor license application. Wet-ink originals mailed on request.
What it is and who needs it.
What the contractor license bond actually guarantees
Rolling Meadows conditions every contractor business license on a surety bond filed with the Building Department, part of the Community Development division. Every contractor working in the city — with the exception of state-licensed plumbers, whose license is issued by the State of Illinois — must hold the license and its bond before pulling a permit.
It is a three-party arrangement: you (the principal), the surety carrier, and the City of Rolling Meadows (the obligee), with the city and harmed property owners as the protected parties. If a licensed contractor's work causes a loss the bond covers, the city or a harmed party can draw on the bond — and if the surety pays, you repay the surety. It is not insurance for you.
Rolling Meadows publishes a bond schedule by trade: a General Contractor license carries a $20,000 bond, and most other trades — carpentry, concrete, electrical work, excavating, HVAC, masonry, roofing-adjacent specialties, and more — carry a $10,000 bond. Enter the figure your trade requires; the premium is 0.5% of that amount, $100 minimum, and no credit check up to $50,000.
You need this bond if you are
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 Building Department. Your executed bond and power of attorney arrive by email, ready to file with your annual contractor license application. Wet-ink originals 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 $50,000. 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 $50,000.
Start the application →Common questions.
Other Illinois bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Get licensed in Rolling Meadows today.
From $100, no credit check up to $50,000. Enter the amount your trade requires and file with the Building Department the same day.