Lance Surety Bonds has access to exclusive bond programs that allow us to get our customers in Illinois bonded at lower prices than our competitors. All of the sureties we represent are A-rated and T-listed, so we are able to handle all of your commercial needs and offer every type of Illinois surety bond available. We also underwrite Illinois surety bonds for applicants who have a low credit score or no credit through our special bad credit program.
Click through and examine the sections below to find out more about getting bonded in Illinois. There you will find answers to questions about surety bond cost, as well as who can get bonded and how.
If, on the other hand, you know what Illinois surety bond you are looking for, simply use the search tool below. Once you find the bond you need, follow the link to the application.
And you can always call us at(877) 514-5146 if you have any questions, concerns, or are in need of assistance. Lance Surety Bonds’ experts can respond to all your questions regarding getting bonded in Illinois.
Find Your Illinois Surety Bond
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Agricultural (Non-Livestock) BondTimber BuyerIL Dept. of Natural Resources Office of Law Enfor.
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Contractor License (No P&P Language) BondCrystal Lake, ILGeneral Contractor License BondCity of Crystal Lake
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Contractor License (No P&P Language) BondContractor License Bond (Lincolnwood, IL)Village of Lincolnwood
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Contractor License Performance & Payment (Local) BondGeneral Contractor LicenseVillage of Tinley Park
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Contractor License Performance & Payment (Local) BondGeneral Contractor License BondKankakee County Regional Planning Department
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Contractor License Performance & Payment (Local) BondElectrical Contractor BondVillage of Rosemont
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Contractor License Performance & Payment (Local) BondGeneral Contracting Bond (Village of Itasca, IL)Village of Itasca, IL
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Contractor License Performance & Payment (Local) BondGeneral Contractor Bond (Village of Rosemont, IL)Village of Rosemont
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Contractor License Performance & Payment (Local) BondGeneral Contractor License Bond (County of Dupage,County of Dupage
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Contractor License Performance & Payment (Local) BondElectrical Contractor Bond (Village of Hinsdale)Village of Hinsdale
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Contractor License Performance & Payment (Local) BondGeneral Contractor Bond (Elmhurst, IL)City of Elmhurst
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Contractor License Performance & Payment (Local) BondConcrete Work Bond (Elmhurst, IL)City of Elmhurst
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Contractor License Performance & Payment (Local) BondGeneral Contractor License Bond (Harwood Heights,Village of Harwood Heights
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Contractor License Performance & Payment (Local) BondGeneral Contractor License Bond (Granite City, IL)City of Granite City
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Contractor License Performance & Payment (State) BondRoofing Contractor (Limited)Dept of Financial and Professional Regulation
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Contractor License Performance & Payment (State) BondRoofing Contractor (Unlimited)Dept of Financial and Professional Regulation
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Contractor License Performance & Payment (State) BondLimited Liability Plumbing Contractor BondIllinois Department of Public Health Plumbing Prog
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Contractor License Performance & Payment (State) BondGeneral Contractor BondCity of Aurora, IL
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Contractor License Performance & Payment (State) Bond(Community Unit School District No 300) Sign ContrCommunity Unit School District No 300 - Purchasing
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Collection Agency BondCollection AgencyDept of Professional Regulation
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Debt Consolidators BondCredit Services OrganizationSecretary of State - Index Department
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Professional Fund Raisers BondProfessional Fund Raiser's BondIllinois Attorney General
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Insurance Agents/Brokers BondInsurance BrokerDept of Financial & Professional Regulation
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Insurance Agents/Brokers BondPreferred Provider Program AdministratorIL Dept. of Insurance
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Insurance Surplus Lines Brokers BondBond for Surplus Line Producer's LicenseDepartment of Insurance
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Insurance 3rd Party Administrator BondThird Party AdministratorIllinois Department of Insurance
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Mortgage Broker (1st & 2nd Mortgages) BondLoan Broker'sSecretary of State, Securities Dept
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Mortgage Broker (1st & 2nd Mortgages) BondResidential Mortgage LicenseDept of Financial and Professional Regulation, Div
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Mortgage Lender/Banker (1st & 2nd Mort.) BondRESIDENTIAL MORTGAGE LICENSEIllinois Dept of Financial Regulation
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Small Loan Companies BondConsumer Installment Loan ActDivision of Financial Institutions
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Small Loan Companies BondPayday Loan License BondDivision of Financial Institutions
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Small Loan Companies BondCommunity Currency Exchange BondDirector of Financial Institutions
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Defective Title BondRegistration Without Certificate of Title BondSECRETARY OF STATE, VEHICLE SERVICES DEPARTMENT
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Auto & Mobile Home Dealers (New & Used) BondDesignated AgentSecretary of State - Vehicle Services Department
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Auto & Mobile Home Dealers (Used Only, No New) BondDesignated AgentSecretary of State - Vehicle Services Department
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Motor Vehicle (Non-Dealer, Not Listed) BondRemittance Agent'sIllinois Secretary of State
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Motor Vehicle (Non-Dealer, Not Listed) BondInstallmentVehicle Services Dept. Commercial & Farm Truck Div
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Sport Permits BondBoxing or Full Contact Martial ArtsDept of Financial and Professional Regulation
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Sport Permits BondBoxing or Full Contact Martial ArtsDept of Financial and Professional Regulation
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Blasting, Explosives & Fireworks BondFirewokds LicenseCity of Elmhurst, Il
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Employment Agencies BondPrivate Employment AgencyIllinois Department of Labor
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Employment Agencies BondSAG-AFTRA One Union BondSAG-AFTRA Chicago
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Nursing Homes BondAssisted Living and Shared Housing Act BondDept of Public Health - Div of Assisted Living
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Professional Licenses (All Other) BondRemittance Agent LicenseOffice of the Secretary of State
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Professional Licenses (All Other) BondTemporary Apportionment Authorization Permit SelleState of Illinois
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Professional Licenses (All Other) BondEnergy Agent, Broker or Consultant BondThe People of the State of Illinois
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Professional Licenses (All Other) BondVerification of Malpractice Insurance by ImmigratiState of Illinois Office of Attorney General
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Professional Licenses (All Other) BondFranchise BondIllinois Attorney
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Schools (All) BondPrivate Business and Vocational SchoolIL State Bd of Ed
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Schools (All) BondCDL School BondSecretary of State Commercial Driver Training
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Schools (All) BondDriver ServicesState of IL Secretary of State Driver Services Dep
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Schools (All) BondPrivate Business & Vocational Schools Blanket SureState Board of Education
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Schools (All) BondSchools BondIllinois Board of Higher Education
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Transportation Brokers BondTransportation Brokers BondIllinois Commerce Commission - Transportation Divi
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Travel Agencies BondSeller of Travel BondState of Illinois
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Alcohol (All Others) BondFinancial Responsibility BondILLINOIS DEPARTMENT OF REVENUE
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Cigar/Cigarette & Tobacco Tax BondTobacco Products Tax BondDepartment of Revenue
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Cigar/Cigarette & Tobacco Tax BondFinancial Responsibility BondDept of Revenue
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Fuel Tax (All Others, Sellers & Users) BondFinancial ResponsibilityIL Dept of Revenue
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Wages & Fringe Benefits BondCouncil of Carpenters Wage and Fringe BenefitChicago and Northeast Illinois District Council of
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Wages & Fringe Benefits BondContractors' Wage, Welfare, ETC.Sheet Metal Workers Local Union 73
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Wages & Fringe Benefits BondPainters District Council No. 30Painters District Council # 30
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Wages & Fringe Benefits BondEmployer's WageLocal Number 134, International Brotherhood of Ele
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Wages & Fringe Benefits BondIUOE Local 520 BondInternational Union of Operating Eng Local 520
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Wages & Fringe Benefits BondIBEW #9 Employer's Wage BondLocal Union 9 IBEW
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Wages & Fringe Benefits BondEmployer's Fringe Benefit BondLocal Number 134 International Brotherhood of Elec
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Wages & Fringe Benefits BondContractor's Wage and Welfare Bond for Pipe FittinPipe Fitters' Association Local Union No. 597
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Wages & Fringe Benefits BondChicago Employer Wages and Fringe Benefit BondPainters District Council #30
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Wages & Fringe Benefits BondLocal 701 - IBEW Sign Agreement BondsLocal 701 - Int'l Brotherhood of Electrical Worker
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Wages & Fringe Benefits BondGranite-Cutters Union Local #21 Wage and Welfare BGranite-Cutters Union Local #21
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Wages & Fringe Benefits BondOPCMIA Wage and Welfare BondOPCMIA - Local 11
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Wages & Fringe Benefits BondFringe Benefit & Wage BondMid-Central Illinois Regional Council of Carpenter
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Wages & Fringe Benefits BondFox Valley Laborers Wage and Welfare BondFox Valley Laborers Fund Office
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Wages & Fringe Benefits BondContractor's Wage & Fringe Benefits Bond (Local 50Cement Masons Local 502
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Wages & Fringe Benefits BondIBEW #9 Employer's Fringe Benefits BondLocal Union 9 IBEW
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Wages & Fringe Benefits BondEmployer's Bond (Construction and General LaborersLaborers' District Council of Chicago & Vicinity
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Wages & Fringe Benefits BondEmployer's Fringe Benefit BondLocal Number 134 International Brotherhood of Elec
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Wages & Fringe Benefits BondChicago Painter's District Council Wage and FringePainter's District Council #14
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Wages & Fringe Benefits Bond(Local Union No 597) Contractor's Wage and WelfareLocal 597 Pipe Fitters
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Wages & Fringe Benefits BondDues and Fringe Benefit Bond (IBEW 461)IBEW Local 461
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Wages & Fringe Benefits BondThe Central Laborer's Pension Fund Bondcentral laborers pension fund
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Wages & Fringe Benefits BondInsulation Work Bond (Local 17)International Association Heat & Frost Insulators
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Wages & Fringe Benefits BondContractors Wage, Wage Deduction and Fringe BenefiCONSTRUCTION WORKERS PENSION TRUST FUND OF LAKE CO
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Fringe Benefits Only BondIBEW Local 150 Contractor Wage and Fringe BondIBEW Local 150
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Money Transmitter BondTransmitters of MoneyDepartment of Financial & Professional Regulaton
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Telemarketing/Phone Solicitor BondProfessional Fund RaiserIL Office of the Attorney General
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Appraisal ManagementAppraisal Management Companies BondIllinois Department of Financial and Professional
Frequently Asked Questions
How Much Does a Surety Bond Cost in Illinois?
How much your Illinois surety bond will cost depends on what type of bond you need to obtain. Most bonds have different bond amounts and it is the bond amount along with your financial standing that are taken into account when determining the rate of your bond.
For example, most license and permit bonds have their bonding amounts determined by each state government individually, though some license bonds have the same amounts across all states. Illinois contract bonds’ amounts are also dependent on the particular case that they are required for.
The relation between your Illinois surety bond’s amount and its cost is the following: the cost of your bond is a percentage of the total amount of the bond. This percentage or premium is determined by sureties when they assess your application.
In determining your rate, they take into account personal credit score as one of the most important factors. Applicants who have a high credit score are usually offered so-called standard market rates on their surety bond, which range between 1%-4% of the full amount of the bond.
Businesses and individuals who are able to provide further proof of financial stability, such as good personal or business financial statements, are sure to have their rate lowered accordingly.
To find out what other factors influence your bond’s cost, have a look at our extensive surety bond cost page!
Illinois Bad Credit Surety Bonds Program
Businesses and individuals often get turned down when applying for a bond due to a low credit score. Such applicants have a chance to get bonded in Illinois through our special Bad Credit Surety Bonds program.
Rates under this program are slightly higher, between 5%-15%, because bonding such applicants presents a higher risk to sureties. But by applying for a bond through this program, applicants are still guaranteed to receive the best quote on their bond.
And those who get bonded on a yearly basis always have the chance to get a lower rate on their Illinois surety bond next time around by improving their credit score.
How to Get Bonded in Illinois
Getting bonded in Illinois is very simple. Once you know what type of bond you need, apply online via our highly secure application tool. Soon after you submit your application, we will contact you with an entirely free quote on your Illinois surety bond. After that it’s only a matter of clearing out a number of additional details and your bond is ready to be issued.
By working with Lance Surety Bonds you are sure to be served only by the best and most reliable companies in the surety bond industry. Through us, you will get the best and lowest rate on your Illinois surety bond. If you have any questions about how to get bonded in Illinois, simply call us at (877)-514-5146. We will be happy to provide you with all the information and guidance you need!
Types of Illinois Surety Bonds
Surety bonds in Illinois fall under three main types. There are license and permit bonds, contract bonds, and court bonds. Lance Surety Bonds can underwrite all of these types of Illinois surety bonds.
License bonds are required for businesses and individuals in Illinois who want to obtain a certain business license. Which Illinois businesses need to obtain a license and permit bond is determined by the state government. Some of the most popular Illinois license bonds that we underwrite are the Illinois auto dealer bond, as well as mortgage broker bonds and freight broker bonds.
Contract bonds are required for licensed and bonded contractors in Illinois who will be bidding on a contract or have been awarded a contract for a construction project. They are also relevant in other instances, for example when contractors need to guarantee the quality of their workmanship.
Almost all public, federal and many private construction projects in Illinois require contractors to obtain Illinois contract bonds. These bonds serve as a guarantee and protection for the state and the public.
Court bonds are usually required by a number of Illinois courts, such as appellate courts and probate courts. These courts will require individuals to obtain such bonds before a legal proceeding can take place.
Top Surety Bond Companies in Illinois
When you’re applying for an Illinois surety bond, you have to be sure that you will be receiving quality in exchange. The ability of a surety bond company to back your bond financially is what matters ultimately.
Lance Surety Bonds prides itself with working only with Illinois surety bond companies which are proven as some of the best in the whole country. All our partner surety bond companies are licensed in all 50 states. They are further T-listed with the U.S. Department of Treasury and they are all A-rated and more under the ‘A.M. Best’ credit rating system. This positions them among the top surety bond companies in Illinois.
To name a few, we work with: Great American Insurance Company, Liberty Mutual Insurance Company, Swiss Reinsurance American Corporation and many, many more.
Most Popular Surety Bonds in Illinois
Illinois auto dealers must obtain this bond before they are issued their license. The bond guarantees compliance with license regulations.
Contractors who wish to bid or work on construction projects in Illinois must be licensed and bonded by a contractor license bond in that state.
Before receiving their Illinois mortgage broker license, individuals must obtain this bond. It guarantees that brokers will comply with state regulations.
There are numerous Illinois school bonds, such as those for drivers, and all of them are meant to protect the rights of students.
All freight brokers across the country must obtain this bond before they can get their business license. The bond amount for this bond is the same across the whole country.
Insurance brokers in Illinois have to get an Illinois insurance broker bond prior to getting licensed. The bond guarantees compliance with state insurance laws.
What Our Clients Have To Say?
