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Illinois bonds

Rolling Meadows, IL — Contractor License Bond

Rolling Meadows, Illinois lists a $20,000 contractor bond for general contractors and $10,000 for most other trades. Check the city's classification table, including its plumbing and roofing exceptions, 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 Rolling Meadows Contractor License Bond is a regulatory requirement designed to protect the municipality and the public by ensuring contractors perform work in compliance with city codes. It functions as a security mechanism to address potential failures to meet professional and legal obligations defined by local city ordinances.

Who needs it
This requirement applies to most contractors working within the City of Rolling Meadows. Applicants must identify their specific trade to determine the applicable bond amount, as city requirements vary based on the classification of work being performed.
Who it protects
The bond protects the City of Rolling Meadows by providing financial recourse if a licensed contractor fails to comply with city laws and building regulations. It is a contractual obligation required for the issuance and maintenance of a business license, rather than a form of general liability insurance for the contractor.

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.

Understanding Your Bond Obligation

Contractors in Rolling Meadows must secure a surety bond as part of their licensing process. Most trades, including carpentry, concrete, and excavation, require a $10,000 bond, while General Contractors must maintain a $20,000 bond.

This bond is distinct from the mandatory $1,000,000 certificate of insurance that is also required for most categories. Failure to maintain the bond or insurance may lead to the revocation of your license and your privilege to conduct business within the city.

Bond Amounts by Trade

The City of Rolling Meadows classifies contractor bonds by specific trade categories. You must confirm your trade classification on the official city application to ensure you purchase the correct bond amount.

The posted application, revised July 2022, marks the surety bond requirement N/A for plumbing and roofing. Its credential column separately calls for the relevant state trade license. Follow the classification and instructions on your own city application.

Apply and complete the city license process

Purchase Now opens Propeller in a new tab. Use the city's requested contractor classification, amount and dates when applying. After issuance, check the bond against your licensing instructions before submitting it.

Keep the business identity consistent across the bond and license application. The city conditions the license and its continuation on compliance with applicable codes, ordinances and laws; buying a bond does not complete that approval.

Sources

Have these ready

  1. Check the city's contractor table for your trade and its $10,000 or $20,000 bond requirement.
  2. Have your legal business name, trade name and city application details ready for the bond application.
  3. For the separate city license application, prepare your FEIN or Illinois business tax number and required insurance evidence.
  4. After issuance, review the bond and submit the documents using the city's license instructions.

Questions about this bond

What is the difference between the bond and insurance requirements?

The surety bond is a financial guarantee for your compliance with city ordinances, while the $1,000,000 insurance certificate provides coverage for liability.

Do all contractors need a $20,000 bond?

No, only General Contractors are required to hold a $20,000 bond. Most other trades require a $10,000 bond.

Are plumbing and roofing contractors exempt from this bond?

The posted city application marks the surety bond column N/A for plumbing and roofing. It separately lists a state plumbing license for plumbers and a state roofer license for roofers. Match your own classification to that table.

What happens if I fail to maintain my bond?

Failure to comply with city ordinances, including bond maintenance, may result in the revocation of your license and your authority to operate in Rolling Meadows.

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