Contractor License ($10,000) Bond - Village of Riverside, IL in Illinois

Brief Summary

Riverside will not let you start a job until your contractor license is on file, and the $10,000 bond is part of that file. It is a quick, one time a year purchase. You pay a premium instead of tying up $10,000, and the bond goes to the Village of Riverside with your license application, $100 fee and certificate of insurance.

The Village of Riverside, Illinois requires every contractor working in the village, subcontractors included, to register and hold a contractor's license. The application must include a $10,000 surety bond in the name of the Village of Riverside, a certificate of insurance naming the Village as certificate holder, and the $100 licensing fee. The license is valid for one year. Plumbers and fire sprinkler contractors are exempt from the bond.

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How to Apply for a Contractor License ($10,000) Bond:

• Confirm you are not a plumber or fire sprinkler contractor, who are exempt from the bond and fee.
• Have the business name exactly as it will appear on the Riverside contractor's license application.
• Complete the bond application and review the quoted premium.
• Pay the premium and receive the executed $10,000 bond in the name of the Village of Riverside.
• Get a certificate of insurance listing the Village of Riverside as certificate holder.
• File the application, bond, certificate, State trade license if any, and the $100 fee with the Village.

Detailed Information About the Illinois Contractor License ($10,000) Bond:

Subcontractors are not covered by the general's license

Riverside is explicit that every contractor working in the village, including subcontractors, must be registered with the Village. A roofer, electrician or concrete sub working under a general contractor who is already licensed still files its own application and its own $10,000 bond.

Who is exempt

Plumbers and fire sprinkler contractors need only supply their State license and the contractor's license application form. There is no fee for their registration, and the bond does not apply to them.

What goes in the application

Every other contractor submits the following to the Village.

• The contractor's license application with the $100 licensing fee, valid for one year.
• A $10,000 surety bond in the name of the Village of Riverside.
• A certificate of insurance showing general liability, and workers' compensation if required by the State, with the Village of Riverside listed as certificate holder.
• A copy of the State license for trades the State licenses, such as roofers.

Waste haulers use a separate Waste Contractor License Application.

Starting work early costs double

The Village charges a penalty for starting any work without a current contractor's license or building permit. License and permit fees are doubled, and multiple violations may result in the contractor's license being revoked. Because the license runs one year, keep the bond in force and renew before the license lapses so a job is never caught between terms.

What the bond guarantees

The bond names the Village of Riverside as obligee and guarantees that the licensed contractor follows the Village's building rules and permit requirements on work performed in Riverside. Confirm the current bond form and filing steps with the Community Development Department at 708-447-1241 before the bond is issued. The same office verifies whether a contractor's license is current.

How premium is set

The surety prices the bond on the $10,000 amount, the owner's personal credit, time in business and any prior bond claims.

Eligibility and Requirements for a Illinois Contractor License ($10,000) Bond:

• Bond amount of $10,000.
• Village of Riverside named as obligee.
• General liability certificate, plus workers' compensation if required by the State, with the Village as certificate holder.
• Copy of the State license for State licensed trades such as roofing.
• License renewed each year, since the license is valid for one year.

Illinois Contractor License ($10,000) Bond FAQs:

Official and Additional Resources for the Illinois Contractor License ($10,000) Bond: