Steger general contractor license bonds.
From $100.
The Village of Steger requires a general contractor's license application to include a License/Permit Bond of at least $10,000, along with a Certificate of Insurance and the applicable fee, before the Village issues permits. Ours costs 0.5% of the bond amount, $100 minimum, priced at application.
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How much does a Steger general 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 license bonds are simple once you have your required amount. Here's the whole thing:
Apply online
Your business details, the obligee (Village of Steger), a $10,000-or-greater bond amount, and the effective date.
Approved
No credit check up to $500,000, 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 general contractor's license application, Certificate of Insurance, and fee. Wet-ink original mailed on request.
What it is and who needs it.
What the general contractor bond actually guarantees
The Village of Steger requires a License/Permit Bond of at least $10,000 as part of a general contractor's license application. All applications must be accompanied by a Certificate of Insurance, the license bond, and payment of the license fee — the bond stands behind compliance with Village building regulations before permits are issued.
It's a three-party arrangement: you (the principal), the surety carrier, and the Village of Steger (the obligee), with the Village and its residents as the protected parties. If licensed work causes a covered loss or violates Village code, a claim can be made against the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. Electrical, HVAC, roofing, and plumbing contractors must also submit proof of certification or a copy of their state license alongside the bond, so confirm the full checklist with the Building Department before applying.
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 general contractor's license application, Certificate of Insurance, and fee. 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 $500,000. 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 $500,000, 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 Steger license moving.
From $100, priced at application. Enter your amount and file with the Building Department the same day.