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Illinois bonds

Lakemoor, IL — Contractor License Bond

Lakemoor requires general contractors and subcontractors to file an original $10,000 surety bond. Its permit guide calls for bond documents for each job, so prepare the project request before applying through Propeller.

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Recorded state
Illinois
Bond type
Contractor License / Registration Bond
Category
Contractors & construction

What this bond does

Secure the contractor's compliance with Lakemoor's building permit and Village code requirements.

Who needs it
General contractors and subcontractors subject to the Village's contractor requirements for their permitted work.
Who it protects
Lakemoor requires the Village and third-party beneficiaries to be listed as obligees. The bond is to assure that the contractor's work is completed according to the permit and Village code; use the accepted form to identify those beneficiaries and conditions.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Prepare the documents for this job

The Village's step-by-step permit guide says bonds and insurance certificates must be obtained for each job. Have the project information and required bond form available rather than assuming a previous annual filing handles a new permit.

The contractor-requirements page specifies an original $10,000 bond from a surety authorized to issue bonds in Illinois. It also lists trade credentials separately. Those licenses and the liability insurance certificate do not replace the surety document.

A faxed copy does not replace the original

Purchase Now opens Propeller in a new tab. Use your legal business name and the Village's requested project, beneficiary and date information. Check the issued bond against the accepted form before filing.

Lakemoor accepts a faxed copy but requires the original to be mailed to Village Hall. Complete that delivery separately from the provider application. Buying the bond is not the same as receiving a building permit.

Sources

Have these ready

  1. Have the current job's permit information and Village bond request.
  2. Match the legal contractor name and $10,000 sum.
  3. Use the required Village and third-party-beneficiary wording.
  4. After issuance, check the document and arrange original delivery even if sending a faxed copy first.

Questions about this bond

Can I rely on one prior bond filing for every job?

The Village's permit guide says bonds and insurance certificates must be obtained for each job. Match the documents to the current project rather than assuming an earlier filing satisfies it.

Who must the bond protect?

The Village's contractor requirements call for the Village and third-party beneficiaries as obligees. Use the accepted form for the actual beneficiary wording instead of copying the additional-insured wording from an insurance certificate.

Can I finish filing by fax?

A faxed copy is acceptable, but Lakemoor expressly requires the original bond to be mailed to Village Hall as well.

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