South Beloit excavation bonds.
From $100.
Before you can open a South Beloit street, alley, or other public right-of-way to excavate, the Public Works Department conditions the excavation permit on a surety bond. Premiums cost 1% of the bond amount, $100 minimum. Enter the amount your permit calls for and your exact price appears at the application.
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How much does a South Beloit excavation bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
Excavation permit bonds are short, standard-form obligations. Enter your amount, consent to a soft pull, and file with Public Works. Here is the whole thing:
Apply online
Your details, the location of the dig, the bond amount your permit requires, and the effective date — plus a one-time consent to a soft credit pull.
Approved
Most excavation permit bonds clear quickly on the soft pull, which never affects your score — pricing is 1% of the bond amount, $100 minimum.
File with Public Works
Your executed bond arrives by email, ready to attach to the excavation permit application. Wet-ink originals mailed on request.
What it is and who needs it.
What the excavation permit bond actually guarantees
An excavation permit bond is a restoration guarantee. South Beloit's Code of Ordinances regulates excavations in the public way — the streets, sidewalks, and other public places chapter, and the utilities chapter's excavation provisions both touch this work — and the Public Works Department conditions the excavation permit on a bond that backs your promise to put the street or right-of-way back the way you found it.
It is a three-party arrangement: you (the principal), the surety carrier, and the City of South Beloit (the obligee), with the traveling public and adjoining property owners as the protected parties. If the excavation is left unrestored or damages the public way, the City can draw on the bond — and if the surety pays, you repay the surety.
There is no single citywide penal sum — Public Works sizes the bond to the scope, depth, and location of the excavation when the permit is granted. Enter the figure your permit calls for; your premium is priced at 1% of that amount, $100 minimum, after a one-time soft credit consent.
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 Public Works. Your executed bond arrives by email, ready to attach to the excavation permit application. Wet-ink originals mailed on request.
What sets the price
The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
One soft credit pull, never a hard inquiry, and it 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 underwriting fields, including a one-time consent to a soft credit pull. The pull never affects your score, and your price — from a $100 minimum — is set at application.
Start the application →Common questions.
Other Illinois bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Open the excavation permit without the holdup.
Premiums from $100, soft pull only. Enter the amount your permit set and file with Public Works the same day.