Maywood, IL — Contractor Bond
Maywood, Illinois requires $20,000 bonds for excavation and wrecking contractors and $5,000 for the other listed building trades. Match your license class to the village's requirement, then select Purchase Now to apply through Propeller.
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- Recorded state
- Illinois
- Bond type
- Contractor License / Registration Bond
- Category
- Contractors & construction
What this bond does
The bond acts as a financial guarantee that the contractor will comply with Village ordinances and perform their work without negligence. It protects the Village of Maywood against claims, expenses, or damages arising from acts or omissions committed under the authority of the issued license.
- Who needs it
- Contractors operating in Maywood within the building trades who are required to hold a specific Village-issued license.
- Who it protects
- This bond protects the Village of Maywood as the obligee, covering financial losses or liabilities incurred by the Village due to the contractor's actions or failures to act while licensed.
Your bond option
This is the option on record for this bond.
- Bond optionPurchase Now (opens in a new tab)Continue to our secure checkout partner, Propeller (opens in a new tab).
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.
Sources
- Maywood, IL Code of Ordinances § 111.03 (opens in a new tab)Checked October 18, 2026
Have these ready
- Before applying: identify your Maywood trade class and the required $5,000 or $20,000 amount.
- Have your legal contractor name and the village's bond form or written instructions ready.
- Apply through Purchase Now, using the Village of Maywood as the named recipient.
- After issuance: follow the village's Board of Trustees approval process and deposit the approved bond with the Director of Finance.
Questions about this bond
Is this bond for my own business liability or for the Village?
This bond is strictly for the protection of the Village of Maywood. It provides the Village with financial recourse should you incur liabilities or costs during your licensed operations.
Do all contractor trades require the same bond amount?
No. The required bond amount depends on your trade. Excavation and wrecking contractors must provide a $20,000 bond, while most other building trades require a $5,000 bond.
Does this bond replace my general liability insurance?
No. This bond is separate from other insurance obligations. For example, excavation contractors have separate, additional requirements for public liability and property damage insurance.
Where do I file my bond once I have it?
You must deposit the surety bond with the Village of Maywood's Director of Finance.