1 (844) 589-9732

Illinois City of Elgin Contractor License Bond

The City of Elgin contractor license bond is a $20,000 surety bond available from AmeriPro Surety Bonds. Please call our agency today: 844-589-9732.

Illinois City of Elgin Contractor License Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

City of Elgin

 

 

 

The City of Elgin has mandated that certain contractors who wish to perform work for the city must be bonded specifically with the city.

Without the bond in place, a permit to perform work on behalf of the city will not be granted.

AmeriPro Surety Bonds will provide the City of Elgin contractor license bond.

 

 

 

Illinois City of Elgin Contractor License Bond: The Amount and from Whom

 

 

 

Mechanical contractors and sewer contractors are both required to obtain a $20,000 surety bond with the City of Elgin.

 

 

 

Illinois City of Elgin Contractor License Bond: The Purpose

 

 

 

The City of Elgin is the bond’s obligee, that is, they are the ones requiring the bond.

The purpose of the City of Elgin contractor license bond is a financial guarantee that contractors will perform all work required and that work will be completed according to established norms.

The bond is for the sole protection of the City of Elgin; it does not protect either the mechanical or sewer contractor.

If the City of Elgin should suffer some financial loss or harm caused by a licensed contractor, the bond’s existence allows the city to recoup any losses up to the $20,000 amount.

But, the surety bond is not an insurance policy.

What that means is that should a claim be paid from your surety bond to the City of Elgin, you will be legally required to reimburse the surety in full for all costs and fees in settling the claim.

 

 

 

Illinois City of Elgin Contractor License Bond: The Premium

 

 

 

The premium is the price you will pay for the surety bond’s issuance.

That amount will ultimately be determined by your credit score and the information provided on a standard application.

The Illinois City of Elgin contractor license bond also allows you to prepay the bond for up to a period of 3 years, thereby offering a savings over annually renewing your surety bond.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency which provides license and permit, contractor, court, and fiduciary bonds throughout Illinois.

We also provide surety bonds nationwide.

 

 844-589-9732

 

Request a Callback

  • Date Format: MM slash DD slash YYYY
  • Please note: We do not share or rent your address to anyone, except for underwriting purposes associated with your bond.
  • This helps us to find exactly the surety bond that you require. By the way, it's perfectly OK to not know the type of surety bond you need; that's why we're here!
  • This field is for validation purposes and should be left unchanged.

AmeriPro Surety Bonds

Our focus is exclusively surety bonds. We have two areas of concentration: YOU, our customer; and providing you with the surety bond that you need. Whether the bond is an "instant issue"; is for a contractor; a court bond; or one for a client with lower credit scores, AmeriPro Surety Bonds dedicates itself to providing our customers with a seamless, professional, and quick surety bond experience.

apply today

recent news

Lost Cashier’s Check Bond | Lost Instrument Bond

If you’ve lost a cashier’s check or money order, to replace it, the banking institution will require that a “Lost Instrument bond” be purchased in order to re-issue it. Learn how to quickly purchase this bond with AmeriPro Surety Bonds.

Mortgage Broker Bond

A mortgage broker bond is a license and permit bond which states require to become properly licensed and which is also required to protect the public from wrongful acts committed by a mortgage broker.

Notary Public Bond California

A notary bond, also known as a notary public bond, is a bond that is required by the state of California to engage in the business of witnessing signatures on documents. 

Utah Guardian Bond

Utah Guardian Bond | AmeriPro Surety Bonds 844-589-9732       Guardian/Conservator Surety Bond; Amount and Purpose       A court-appointed Utah guardian is one who oversees the wellbeing of either a minor or an incapacitated adult.  As a...

Utah Replevin Bond

Utah Replevin Bond AmeriPro Surety Bonds | 844-589-9732       Surety Bond; Purpose       An action of replevin, which is also known as a writ of attachment, occurs in a civil litigation proceeding.  By order of the presiding court, a...

Texas Replevin Bond

Texas Replevin Bond |AmeriPro Surety Bonds 844-589-9732       Surety Bond; Amount and Purpose       An action of replevin (also sometimes referred to as a writ of attachment, and in Texas, a sequestration bond) occurs in a civil court...

contact us

Office: 1 (844) 589-9732

Hours of Operation:

Monday – Friday 6 am to 5 pm (PST)