Maywood, IL — Excavation / Wrecker Contractor Bond
Apply for the Maywood excavation or wrecking contractor bond through The Southern Agency. The village's published code lists $20,000 for each category; match your license classification before starting the application.
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- Recorded state
- Illinois
- Bond type
- Excavation Contractor Bond
- Category
- Contractors & construction
What this bond does
The bond supports a village contractor license under Maywood Code section 111.03. In this context, the Wrecker product label concerns wrecking work, not a vehicle towing or impound business.
- Who needs it
- An excavation or wrecking contractor applying for the relevant Maywood business license. The license category should match the actual work and the village's accepted bond form.
- Who it protects
- Section 111.03 describes security protecting the village against loss, cost, expense or liability arising from issuance of the license or acts or omissions under it. It is not a substitute for the contractor's liability insurance.
Your bond option
This is the option on record for this bond.
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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 Code §111.03: contractors, bond amounts and filing (opens in a new tab)Checked October 18, 2026
Have these ready
- Confirm excavation, wrecking or both classifications with the village.
- Get the current section 111.03 bond form and amount direction.
- Match the license applicant's legal business name.
- Check Director of Finance filing and surety approval instructions.
Questions about this bond
Does Wrecker mean a towing company here?
The relevant Maywood contractor table says wrecking contractor alongside building trades. Do not use this offering for towing or impound obligations without a separate accepted match.
What does the village code list for excavation and wrecking?
Section 111.03 lists $20,000 for each category. Confirm the current license direction, especially if applying for both activities.
Where is the bond deposited?
The published code directs deposit with the Director of Finance and says the surety must be approved by the Board of Trustees.
Will a general building contractor bond necessarily work?
No. The code lists a different sum for general building contractors. Have the village confirm the correct classification and form.