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Illinois bonds

Posen, IL — Contractor License Bond

Posen's 2026 contractor license application asks for an original $10,000 surety bond issued to the Village. Prepare the company identity and contractor type before applying through Propeller.

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

What this bond does

Provide the surety document requested for Village of Posen contractor licensing.

Who needs it
Contractors applying for the Village license covering their described work in Posen.
Who it protects
The bond is licensing security under the Village's accepted form. It is separate from the insurance certificate and applicable plumbing, electrical or roofing credentials; it is not a private project's performance or payment bond.

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.

Keep company and owner information distinct

The application asks for Company Name, Owner Name and Type of Contractor's License. Use each field for its stated role, consistently with the business applying for the bond.

Plumbing, electrical and roofing credentials have their own listed instructions. Follow the requirements applicable to your work; do not treat a credential as the issued original bond.

Provide the original under the Village's instructions

Purchase Now opens Propeller in a new tab. Have the $10,000 request and Village naming ready. After issuance, check the document and complete its required execution before providing the original for the separate license application.

The form says not to fax and asks for original documents. It also permits documents to be emailed by the insurance company; that instruction does not expressly say a bond copy replaces the original. Use the Village's instructions for delivering your bond.

The requested Village license lasts one year from issuance. That period does not establish a fixed bond term on this page. Check the requested and issued bond dates separately.

Sources

Have these ready

  1. Identify the company, owner and actual contractor type.
  2. Have the Village's original $10,000 bond request.
  3. After issuance, check Village naming, dates and required execution.
  4. Provide the original as directed and complete the separate license application.

Questions about this bond

Can I fax the bond to Posen?

The application says not to fax and calls for original documents. Follow the Village's bond-delivery instructions.

Does a roofing or electrical credential supply the bond?

The application lists trade credentials separately from the original $10,000 surety bond. They serve different parts of the licensing package.

Does the one-year Village license set the bond term?

No fixed bond term is displayed here. Use the actual request and issued bond dates rather than assuming that the license period decides them.

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