Streamwood contractor bonds.
$100 flat.
The Village of Streamwood requires a general contractor to file a $15,000 surety bond with the Building Department before the Village will register the contractor to pull permits — a higher amount than the $10,000 bond it sets for other registered trades. Ours is $100 flat — the price you see is the checkout price, and no credit check.
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How much does a Streamwood contractor bond cost?
$100 at the $15,000 amount, the same for every applicant.
Three steps. One sitting.
A Streamwood general contractor bond is about the simplest filing in surety. Here's the entire process:
Apply online
Business details and an effective date. That is the application. No credit check.
Pay & e-sign
Registration bonds like this are among the thousands of bond types that issue right after purchase.
File with the Building Department
Your executed bond and power of attorney arrive by email, ready to file with your contractor registration application. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
The Village of Streamwood's Building Department registers every contractor working in the Village before issuing a permit. A general contractor registers at a $15,000 surety bond — a higher amount than the $10,000 bond the Village sets for other registered contractor types, reflecting the broader scope of a general contractor's work.
It's a three-party arrangement: you (the principal), the surety carrier, and the Village of Streamwood (the obligee), with property owners and the Village as the protected parties. If a registered general contractor's work causes damage or leaves a covered obligation unpaid, a harmed party can look to the bond up to its $15,000 penal sum.
It is not insurance for you — if the surety pays a claim, you repay the surety. If you register for a specific trade rather than as a general contractor, Streamwood's other-contractor tier files at $10,000 instead; confirm which registration class matches your scope of work before you apply.
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 $15,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose; a longer term is the same price per year, chosen at checkout.
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 contractor registration application. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $100 at the $15,000 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 .
Clear Streamwood's Building Department today.
$100 flat, no credit check, bond often issued in the same sitting. Free until issued.