If you are ready to start your plumbing contractor business in Illinois, you will need to make sure you are registered with the state before you start. Here are 5 easy steps to help you get on your way.
How to get a Plumbing Contractor License in Illinois
Step #1: Get plumbing license
A. Qualify- be a U.S. citizen, have 4 years experience as licensed apprentice, complete approved course
Step #5: Purchase $20,000 Illinois Plumbing Contractor Bond
A plumbing contractor bond is a type of surety bond that acts as a guarantee to your customers and the state of Idaho that you will follow the rules and regulations set for plumbers. If you fail to comply with all these regulations, one of you customers may file a claim on your bond. The surety company that you purchased your bond from would then investigate the claim and if the claim is valid would pay out on your bond up to the full amount. In the end, you are responsible for paying back the surety for any losses.
In Illinois, contractor bonds are in the amount of $20,000, but that is not the price you actually pay to purchase your bond. The price you pay out of pocket is a percentage of the full bond amount determined largely by your credit score and business financials. If you have a decent credit score your bond should only cost you between 1% and 5% of your total bond amount.
Do You Need an Illinois Plumbing Contractor Bond?
Surety Solutions offers free online quotes for plumbing contractor bonds from over 30 different surety companies so that you can find the best price out there.
If you are ready to get a quote and/or purchase just click the appropriate link below or give us a call at 866.722.9239.