What is the Illinois Roofing Contractor (Unlimited) Bond?
If you're an individual or a business aiming to work as a roofing contractor in Illinois, you'll need to secure an Illinois Roofing Contractor (Unlimited) Bond. This bond is required by the Illinois Department of Financial and Professional Regulation (IDFPR), a regulatory agency responsible for licensing competent professionals who provide public services. This bond plays a critical role in the roofing contractor registration process and is a mandatory requirement for licensing.
A surety bond is a three-party contract involving the principal (the contractor), the obligee (the IDFPR), and the surety company. With this bond, the surety company guarantees that the principal will honor their obligations in line with Illinois law.
When a principal fails to meet contractual obligations or operates fraudulently, aggrieved parties can file a bond claim with the surety. The surety will then investigate, and if the claim is valid, may compensate the claimant for damages up to the full bond amount.
Various scenarios can lead to damage claims. These can range from allegations of underpaying workers and suppliers, tax evasion, and physical injury, to complaints of substandard or negligent work.
In the event of a valid claim, the principal is financially obligated to reimburse the surety company for the claim, in addition to any additional fees or expenses incurred.
Who has to get this bond?
Obtaining an Illinois Roofing Contractor License requires a surety bond for both limited and unlimited license holders.
As defined by the Illinois Code, a roofing contractor has the necessary experience, knowledge, and skill to handle the construction, reconstruction, alteration, maintenance, and repair of roofing work.
An unlimited roofing license grants contractors the ability to perform roofing contract work on residential, commercial, and industrial properties without restriction. Meanwhile, a limited roofing license permits contractors to work on residential properties comprising eight units or fewer.
How much does an Illinois Roofing Contractor (Unlimited) Bond cost?
The Illinois Roofing Contractor (Unlimited) Bond has a bond amount of $25,000. Fortunately, you do not have to pay the full amount in order to obtain your bond. With EZ Surety Bonds, you can apply online and get this bond instantly for a premium of only $250. Furthermore, this bond does not require a credit check!
Obligee Information
The IDFPR is the obligee or entity requiring the Illinois Roofing Contractor (Unlimited) Bond. Contact information is as follows:
Illinois Department of Financial and Professional Regulation
Division of Professional Regulation
320 W Washington St #3
Springfield, Illinois 62786
Phone: (888) 473-4858
How to get your IL Roofing Contractor (Unlimited) Bond
EZ Surety Bonds makes the process of obtaining a surety bond fast and easy. Simply fill out our brief online application, submit your payment, and we'll mail you the original bond. You may then file the bond with your obligee.
Our friendly surety experts are always available for assistance. If you have any questions, please contact us at bonds@southcoastsurety.com or 1-800-361-1720.
Frequently Asked Questions
How do I register for an Illinois Roofing Contractor License?
To apply for an IL Roofing Contractor License, you will need to provide the following:
- Roofing contractor registration form
- Illinois Roofing Contractor (Unlimited) Bond with a $25,000 bond amount
- Certification of insurance
- Roofing qualifying party
- $125 license application fee (as of 2023)
The contractor's license must be renewed before its expiration date, which falls on June 30 of every odd-numbered year. License renewals can be completed through the IDFPR online license renewal page.
How much is an Illinois Roofing Contractor (Unlimited) Bond?
Getting an Illinois Roofing Contractor (Unlimited) Bond is rather straightforward. The bond amount is set at $25,000. Fortunately, you only have to pay a premium of $250 to obtain the bond. The best part is that there is no need for a credit check. Simply fill out the online application on our website to buy your bond today.
After I purchase my Illinois Roofing Contractor (Unlimited) Bond, what do I do?
After purchasing your bond, we will mail the original document to you. While some obligees may accept an electronic copy, others specifically require the original bond. For example, the State of Illinois requires the license application and other related documents to be sent to them by mail, this would include the original bond form. However, every obligee has its own unique filing requirements that are subject to change at any time, so be sure to confirm these requirements of your obligee before doing anything with your original bond.
