Illinois surety bond
License and permit bonds are surety bonds required by Illinois law, municipal ordinance or regulation. Illinois surety bonds may be required by Illinois statute in order to obtain a license or a permit from a state agency, or to meet financial responsibility. In most cases, a surety bond must be filed with your obligee before a license is granted or you engage in a particular activity.
Surety Bond requirements for IllinoisEvery Surety Company has different requirements for different Illinois surety bond types. The surety bond company will evaluate your credit, financials and experience to determine if they will extend surety credit. Do not worry if you have been turned down for a Illinois surety bond or if you do not meet the normal surety bond requirements we can help! We can bond almost any one without collateral for most license bonds for the state of Illinois Call today and ask about our bad credit surety bond program or just fill out an application.
Illinois surety bond Cost
The surety bond cost varies for each bond type as well as for credit experience and financials. The cost of the surety bond can be anywhere from a half of a percent to twenty five percent
Do they protect me?
Illinois surety bonds Are a reverse Insurance policy where the principal Indemnifies the surety and pays back all fees and expenses the surety may have suffered due to a claim. On this note, the Surety will review your personal credit and financial strength to determine surety credit.Illinois Surety bond Amounts as well as Obligee information changes frequently. The information you see below maybe out of date. If you would like us to add additional bonds please let us know There are many different types of Illinois surety bonds. Some of the most common surety bonds for Illinois are: