Streamwood subcontractor bonds.
$100 flat.
The Village of Streamwood, a northwest suburban Cook and Kane County community, requires every contractor working in the village to be licensed through Community Development, and bonds a subcontractor at $10,000 — the same tier as every trade other than a general contractor, which files $15,000. Ours is $100 flat.
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How much does a Streamwood subcontractor bond cost?
$100 at the $10,000 amount, the same for every applicant.
Three steps. One sitting.
A subcontractor license 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 Community Development
Your executed bond and power of attorney arrive by email, ready to file with Streamwood's Community Development Department alongside your license application. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Streamwood licenses contractors through its Community Development Department and tiers the bond by role: a general contractor files $15,000, while a subcontractor — and every other contractor besides plumbers, fire alarm contractors, roofers, and sprinkler contractors, who are licensed through separate state channels — files the lower $10,000 bond.
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's building code as the protected interest. If a licensed subcontractor's work causes damage the licensing requirement is meant to guard against, a harmed party can recover against the bond up to the $10,000 penal sum.
It is not insurance for you — if the surety pays a claim, you repay the surety. Licenses and bonds run one year from the date of issuance, so we track your renewal and notify you 60 and 30 days out to keep the $10,000 filing continuous.
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 $10,000 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 Community Development. Your executed bond and power of attorney arrive by email, ready to file with Streamwood's Community Development Department alongside your license application. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $100 at the $10,000 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 license desk today.
$100 flat, no credit check, bond often issued in the same sitting. Free until issued.