The Village of Lincolnwood requires certain contractors to obtain a $10,000 surety bond in order to conduct contracting work in the city.
AmeriPro Surety Bonds offers this $10,000 surety bond at an exceptionally reasonable price.
The $10,000 Illinois Village of Lincolnwood contractor bond is required of the following types of contractors:
The purpose of this contractor bond is to serve as a financial guarantee for the Village of Lincolnwood.
The bond guarantees that a licensed and bonded contractor will perform contracting work in accordance with local, state, and federal law, where applicable.
More specifically, the city contractor bond protects the Village of Lincolnwood from any acts of harm, or misconduct performed by a licensed contractor as it relates to their acts of commission or omission.
The bond’s protections extend also to employees of contractors, its agents, managers, and owners.
As such, this surety bond is not an insurance policy; it really is a surety.
If a claim were ever paid from your contractor bond, you in turn, have a legal liability to reimburse the surety in full for all costs involved in the settlement of that claim.
The Village of Lincolnwood contractor bond has a premium that is just $100 annually for the majority of our customers.
Once issued the bond terminates one year from the date of issuance.
This surety bond must be kept active at all times in order to remain eligible for the awarding of contracting work for the city.
Our surety will mail you a notice of renewal of your surety bond so as to prevent any lapse in surety bond coverage.
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.
Our commitment is to make your purchase of a surety bond as easy as possible and efficient.
Once purchased, the bond is mailed either the same or the next business day. You also have the option to have the bond mailed overnight for an extra charge.
Please call AmeriPro Surety Bonds today at 844-589-9732
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