Illinois Surety Bond Requirements

Surety bonds are frequently required in the state of Illinois for the purpose of obtaining a business license. Other common instances in which a bond is required are for contracting purposes, when contractors want to bid or perform on state or federal projects above a certain dollar amount.

What’s the function of the bond?

The primary purpose of the bond is to offer a guarantee to the public and the state (the bond obligees) that the bonded party (the bond principal) will comply with state statutes, such as the Illinois Compiled Statutes, in conducting their work.

The purpose of the bond is also to provide compensation in cases in which a violation of the bond agreement on behalf of the principal occurs, causing damages or losses to the obligees.

For a thorough explanation of how bonds work, see our ‘What is a surety bond’ guide!

To go straight to the application, find your surety bond in the table below and follow the link.

If you’re not sure what type of bond you need, keep reading to find out more about the different types of surety bonds in Illinois, how much they cost and how you can get bonded.

Find the Bond You Need

The table below contains a list of only the most popular surety bonds. If you can't find yours, fill out our online application and select "Not in the list".

Agricultural (Non-Livestock) Bond IL Dept. of Natural Resources Office of Law Enfor. Timber Buyer Apply Now
Contractor License (No P&P Language) Bond City of Crystal Lake Crystal Lake, ILGeneral Contractor License Bond Apply Now
Contractor License (No P&P Language) Bond Village of Lincolnwood Contractor License Bond (Lincolnwood, IL) Apply Now
Contractor License Performance & Payment (Local) Bond Village of Tinley Park General Contractor License Apply Now
Contractor License Performance & Payment (Local) Bond Kankakee County Regional Planning Department General Contractor License Bond Apply Now
Contractor License Performance & Payment (Local) Bond Village of Rosemont Electrical Contractor Bond Apply Now
Contractor License Performance & Payment (Local) Bond Village of Itasca, IL General Contracting Bond (Village of Itasca, IL) Apply Now
Contractor License Performance & Payment (Local) Bond Village of Rosemont General Contractor Bond (Village of Rosemont, IL) Apply Now
Contractor License Performance & Payment (Local) Bond County of Dupage General Contractor License Bond (County of Dupage, Apply Now
Contractor License Performance & Payment (Local) Bond Village of Hinsdale Electrical Contractor Bond (Village of Hinsdale) Apply Now
Contractor License Performance & Payment (Local) Bond City of Elmhurst General Contractor Bond (Elmhurst, IL) Apply Now
Contractor License Performance & Payment (Local) Bond City of Elmhurst Concrete Work Bond (Elmhurst, IL) Apply Now
Contractor License Performance & Payment (Local) Bond Village of Harwood Heights General Contractor License Bond (Harwood Heights, Apply Now
Contractor License Performance & Payment (Local) Bond City of Granite City General Contractor License Bond (Granite City, IL) Apply Now
Contractor License Performance & Payment (State) Bond Dept of Financial and Professional Regulation Roofing Contractor (Limited) Apply Now
Contractor License Performance & Payment (State) Bond Dept of Financial and Professional Regulation Roofing Contractor (Unlimited) Apply Now
Contractor License Performance & Payment (State) Bond Illinois Department of Public Health Plumbing Prog Limited Liability Plumbing Contractor Bond Apply Now
Contractor License Performance & Payment (State) Bond City of Aurora, IL General Contractor Bond Apply Now
Contractor License Performance & Payment (State) Bond Community Unit School District No 300 - Purchasing (Community Unit School District No 300) Sign Contr Apply Now
Collection Agency Bond Dept of Professional Regulation Collection Agency Apply Now
Debt Consolidators Bond Secretary of State - Index Department Credit Services Organization Apply Now
Professional Fund Raisers Bond Illinois Attorney General Professional Fund Raiser's Bond Apply Now
Insurance Agents/Brokers Bond Dept of Financial & Professional Regulation Insurance Broker Apply Now
Insurance Agents/Brokers Bond IL Dept. of Insurance Preferred Provider Program Administrator Apply Now
Insurance Surplus Lines Brokers Bond Department of Insurance Bond for Surplus Line Producer's License Apply Now
Insurance 3rd Party Administrator Bond Illinois Department of Insurance Third Party Administrator Apply Now
Mortgage Broker (1st & 2nd Mortgages) Bond Secretary of State, Securities Dept Loan Broker's Apply Now
Mortgage Broker (1st & 2nd Mortgages) Bond Dept of Financial and Professional Regulation, Div Residential Mortgage License Apply Now
Mortgage Lender/Banker (1st & 2nd Mort.) Bond Illinois Dept of Financial Regulation RESIDENTIAL MORTGAGE LICENSE Apply Now
Small Loan Companies Bond Division of Financial Institutions Consumer Installment Loan Act Apply Now
Small Loan Companies Bond Division of Financial Institutions Payday Loan License Bond Apply Now
Small Loan Companies Bond Director of Financial Institutions Community Currency Exchange Bond Apply Now
Defective Title Bond SECRETARY OF STATE, VEHICLE SERVICES DEPARTMENT Registration Without Certificate of Title Bond Apply Now
Auto & Mobile Home Dealers (New & Used) Bond Secretary of State - Vehicle Services Department Designated Agent Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Secretary of State - Vehicle Services Department Designated Agent Apply Now
Motor Vehicle (Non-Dealer, Not Listed) Bond Illinois Secretary of State Remittance Agent's Apply Now
Motor Vehicle (Non-Dealer, Not Listed) Bond Vehicle Services Dept. Commercial & Farm Truck Div Installment Apply Now
Sport Permits Bond Dept of Financial and Professional Regulation Boxing or Full Contact Martial Arts Apply Now
Sport Permits Bond Dept of Financial and Professional Regulation Boxing or Full Contact Martial Arts Apply Now
Blasting, Explosives & Fireworks Bond City of Elmhurst, Il Firewokds License Apply Now
Employment Agencies Bond Illinois Department of Labor Private Employment Agency Apply Now
Employment Agencies Bond SAG-AFTRA Chicago SAG-AFTRA One Union Bond Apply Now
Nursing Homes Bond Dept of Public Health - Div of Assisted Living Assisted Living and Shared Housing Act Bond Apply Now
Professional Licenses (All Other) Bond Office of the Secretary of State Remittance Agent License Apply Now
Professional Licenses (All Other) Bond State of Illinois Temporary Apportionment Authorization Permit Selle Apply Now
Professional Licenses (All Other) Bond The People of the State of Illinois Energy Agent, Broker or Consultant Bond Apply Now
Professional Licenses (All Other) Bond State of Illinois Office of Attorney General Verification of Malpractice Insurance by Immigrati Apply Now
Professional Licenses (All Other) Bond Illinois Attorney Franchise Bond Apply Now
Schools (All) Bond IL State Bd of Ed Private Business and Vocational School Apply Now
Schools (All) Bond Secretary of State Commercial Driver Training CDL School Bond Apply Now
Schools (All) Bond State of IL Secretary of State Driver Services Dep Driver Services Apply Now
Schools (All) Bond State Board of Education Private Business & Vocational Schools Blanket Sure Apply Now
Schools (All) Bond Illinois Board of Higher Education Schools Bond Apply Now
Transportation Brokers Bond Illinois Commerce Commission - Transportation Divi Transportation Brokers Bond Apply Now
Travel Agencies Bond State of Illinois Seller of Travel Bond Apply Now
Alcohol (All Others) Bond ILLINOIS DEPARTMENT OF REVENUE Financial Responsibility Bond Apply Now
Cigar/Cigarette & Tobacco Tax Bond Department of Revenue Tobacco Products Tax Bond Apply Now
Cigar/Cigarette & Tobacco Tax Bond Dept of Revenue Financial Responsibility Bond Apply Now
Fuel Tax (All Others, Sellers & Users) Bond IL Dept of Revenue Financial Responsibility Apply Now
Wages & Fringe Benefits Bond Chicago and Northeast Illinois District Council of Council of Carpenters Wage and Fringe Benefit Apply Now
Wages & Fringe Benefits Bond Sheet Metal Workers Local Union 73 Contractors' Wage, Welfare, ETC. Apply Now
Wages & Fringe Benefits Bond Painters District Council # 30 Painters District Council No. 30 Apply Now
Wages & Fringe Benefits Bond Local Number 134, International Brotherhood of Ele Employer's Wage Apply Now
Wages & Fringe Benefits Bond International Union of Operating Eng Local 520 IUOE Local 520 Bond Apply Now
Wages & Fringe Benefits Bond Local Union 9 IBEW IBEW #9 Employer's Wage Bond Apply Now
Wages & Fringe Benefits Bond Local Number 134 International Brotherhood of Elec Employer's Fringe Benefit Bond Apply Now
Wages & Fringe Benefits Bond Pipe Fitters' Association Local Union No. 597 Contractor's Wage and Welfare Bond for Pipe Fittin Apply Now
Wages & Fringe Benefits Bond Painters District Council #30 Chicago Employer Wages and Fringe Benefit Bond Apply Now
Wages & Fringe Benefits Bond Local 701 - Int'l Brotherhood of Electrical Worker Local 701 - IBEW Sign Agreement Bonds Apply Now
Wages & Fringe Benefits Bond Granite-Cutters Union Local #21 Granite-Cutters Union Local #21 Wage and Welfare B Apply Now
Wages & Fringe Benefits Bond OPCMIA - Local 11 OPCMIA Wage and Welfare Bond Apply Now
Wages & Fringe Benefits Bond Mid-Central Illinois Regional Council of Carpenter Fringe Benefit & Wage Bond Apply Now
Wages & Fringe Benefits Bond Fox Valley Laborers Fund Office Fox Valley Laborers Wage and Welfare Bond Apply Now
Wages & Fringe Benefits Bond Cement Masons Local 502 Contractor's Wage & Fringe Benefits Bond (Local 50 Apply Now
Wages & Fringe Benefits Bond Local Union 9 IBEW IBEW #9 Employer's Fringe Benefits Bond Apply Now
Wages & Fringe Benefits Bond Laborers' District Council of Chicago & Vicinity Employer's Bond (Construction and General Laborers Apply Now
Wages & Fringe Benefits Bond Local Number 134 International Brotherhood of Elec Employer's Fringe Benefit Bond Apply Now
Wages & Fringe Benefits Bond Painter's District Council #14 Chicago Painter's District Council Wage and Fringe Apply Now
Wages & Fringe Benefits Bond Local 597 Pipe Fitters (Local Union No 597) Contractor's Wage and Welfare Apply Now
Wages & Fringe Benefits Bond IBEW Local 461 Dues and Fringe Benefit Bond (IBEW 461) Apply Now
Wages & Fringe Benefits Bond central laborers pension fund The Central Laborer's Pension Fund Bond Apply Now
Wages & Fringe Benefits Bond International Association Heat & Frost Insulators Insulation Work Bond (Local 17) Apply Now
Wages & Fringe Benefits Bond CONSTRUCTION WORKERS PENSION TRUST FUND OF LAKE CO Contractors Wage, Wage Deduction and Fringe Benefi Apply Now
Fringe Benefits Only Bond IBEW Local 150 IBEW Local 150 Contractor Wage and Fringe Bond Apply Now
Money Transmitter Bond Department of Financial & Professional Regulaton Transmitters of Money Apply Now
Telemarketing/Phone Solicitor Bond IL Office of the Attorney General Professional Fund Raiser Apply Now
Appraisal Management Illinois Department of Financial and Professional Appraisal Management Companies Bond Apply Now

Types of Surety Bonds in Illinois

When applying for a bond in Illinois, you may require one of the following three main types of bonds:

  • License and permit bonds
  • Contract bonds
  • Court bonds

See the sections below for further information about every type, and find the one that’s right for you.

License & Permit Bonds

Many businesses who need to get licensed before they can operate also need to get а license and permit bond. These bonds are sometimes also called commercial bonds.

For example, auto dealers in Illinois are required to obtain an auto dealer bond which needs to be renewed every year along with their license. Freight broker bonds are another type of bond which are very popular with us and are often applied for. These are only two of the many license bonds required and issued in the state.

Start your surety bond application today! Why us?
  • Quick turnaround - just 1-2 business days
  • Tailor-made advice on building a strong application
  • Exclusive bad credit programs

Contract Bonds

Illinois contractors will often be required to post contract bonds before they can begin work on a project. These bonds can be required both by the state as well as by private project owners, especially on larger projects.

Some contract bonds guarantee that contractors will perform in compliance with their contract. Others serve as a guarantee that they will pay their subcontractors, laborers and suppliers.

Court Bonds

Court bonds are a third type of bonds which you may be required to post. These bonds are usually requested by Illinois courts whenever an appellant appears before a court and wants to appeal a judgement. They are also required in instances in which a fiduciary or guardian is appointed by a court.

If you are still not sure which Illinois surety bond is right for you, let us help you! Call us at (866)-450-3412 anytime to speak to one of our surety bond experts.

How Much Does a Surety Bond in Illinois Cost?

The cost of your bond is fraction of its full amount. How much your bond will cost depends on what type of bond you are applying for and on your particular application.

What is the bond amount?

Your surety bond has a particular amount - for example, $20,000 in the case of the auto dealer bond. If a claim is filed against the bond, this amount is the total coverage that the surety would extend to the bond’s obligees (the state of Illinois and your customers). The surety bond amount is different from the cost of your bond.

The cost of your bond is a percentage of the total amount of the bond. In other words, to obtain a bond, you will have to pay only a small part of the full amount. This fraction is determined by sureties on the basis of a number of financial factors according to which they grade applicants.

Which factors determine the cost of my bond?

The most important factor which sureties take into consideration when determining the premium rate of an applicant is their personal credit score. High credit score applicants are considered more secure and are thus offered better rates. Other factors which sureties consider are:

  • Your business financial statements
  • Your personal financial statements
  • Your industry experience
  • Years in business
  • Other financial and business factors

Applicants with high credit score are offered rates on their Illinois surety bond between 1%-4% of the total amount of their bond. These rates are considered standard market rates.

Can applicants with low credit get bonded?

Applicants with a lower credit score can certainly also get bonded, though they are offered slightly higher rates. Such applicants are typically able to get bonded at rates between 5%-15% of the total bond amount.

Visit the Bad Credit Surety Bond Program page for more information on getting bonded with a lower credit score.

You can get an estimate of the cost of your bond through our surety bond calculator below.

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Surety Bond Cost Calculator

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If you would like to know more about surety bonds and how they are priced before you apply, have a look at our surety bond cost page. It will offer you plenty of useful information on the topic.

How to Get Bonded in Illinois

If you know what type of surety bond you need, all you have to do is follow the steps below.

License bond application

To get started, complete our 1-page online bond form. We will then get in touch with you to provide you with a free quote on your bond and additional information about finalizing the bonding process.

Start your surety bond application today! Why us?
  • The lowest possible rates
  • A 100% money-back guarantee
  • Access to specialty programs, not available to small agencies

Contract Bond Application

For contract bond applications, download and complete one of the contract bond online forms, depending on the amount of the bond you require. When you’re done, send the form to us, and we’ll get in touch with you as soon as we have processed it.

To learn more about getting bonded in Illinois, call us at (866)-450-3412 anytime!

Further Reading:


About the author:
Todd Bryant
Todd Bryant is a graduate of Germantown Academy and the University of Pittsburgh College of Business Administration Honors College. He has been President of Bryant Surety Bonds, Inc., an A+ rated Business with the Better Business Bureau, since 2007. Licensed as a producer with the Department of Insurance, he has been published in the National Association of Surety Bond Producers newsletter and on numerous authoritative publications such as The Washington Post, Entrepreneur.com, Azcentral.com and many more.