Village of Schiller Park, IL - General Contractor
Flat Rates & No Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
| $50,000 | 1 Year | $250 |
General contractors performing applicable construction work in Schiller Park, Illinois, must be licensed with the village and meet its bonding requirements. Required by the Village of Schiller Park, the general contractor bond helps ensure contractors comply with applicable building codes and other local requirements and provides financial protection for covered violations.
Cost of the Schiller Park General Contractor Bond
The cost of the $50,000 Schiller Park general contractor bond is $250 per bond term with NNA Surety. Secure this surety bond today.
How the Schiller Park General Contractor Bond Works
The Schiller Park general contractor bond helps protect the village and public by holding licensed contractors financially accountable for complying with applicable construction and licensing requirements.
The bond involves three parties:
- Principal: General contractor
- Obligee: Village of Schiller Park, Illinois
- Surety: Bonding company
A claim against the bond may be filed when a contractor fails to meet an obligation covered by the bond. The principal is responsible for repaying valid claims paid by the surety.
How to Get the Schiller Park General Contractor Bond
Follow these simple steps to get bonded with NNA Surety:
- Complete this short online application.
- Pay the $250 bond premium.
- Receive the bond form via email.
- Download and file the bond as required by the Village of Schiller Park.
Learn more about your Illinois surety bond options across the state.
Get Your Schiller Park General Contractor Bond
Ready to meet your Schiller Park contractor bonding requirements? Complete this form or call 855-457-2196 to get bonded.