LICENSE AND PERMIT BONDS
License and/or permit bonds are usually required by state law, municipal ordinance or by some other regulation. They basically guarantee that the principal will abide by all statutes and ordinances of the obligee. These bonds are usually required to safeguard public health, safety and welfare. The underwriting requirements for license and permit bonds vary according to the type of bond needed.
In order to underwrite this type of bond, the surety must determine their exact obligation to the obligee under the bond. Accordingly, it is important that you provide us with the required bond form so that it can be carefully reviewed. Below is a list of bond descriptions and requirements for bonds that we are frequently asked to provide. This is by no means a complete listing of all license and permit bonds that are available. If the bond that you need is not listed here, please give us a call to discuss your particular bond need.
City of Chicago - General Contractor License BondIllinois Insurance Producer Bond
Illinois Roofer’s Bond (Limited)
Illinois Roofer’s Bond (Unlimited)