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Illinois

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With a surety bond in Illinois, customers can seek the services of a business knowing that they will be compensated in case the contract is violated.

A growing number of businesses are therefore required to be bonded to protect their customers from damages incurred when the terms of a contract are not fulfilled.

An Illinois bond serves two important roles. It is part credit to the involved principal, and part insurance to the obligee. When an obligee obtains the services of a bonded principal, it can enjoy an extra level of security for the services that it receives. If the bondholder violates the terms of the contract, the obligee can claim the bond and be compensated for damages incurred.

On the other hand, Illinois bonds also act as an extension of credit to the principal. When a claim is made against the bond by an obligee, the bonded does not have to incur high out-of-pocket expenses. This is because the surety will typically honor the claim and later seek compensation from the involved principal.

Common Illinois Surety Bonds


With a surety bond in Illinois, customers can seek the services of a business knowing that they will be compensated in case the contract is violated.

A growing number of businesses are therefore required to be bonded to protect their customers from damages incurred when the terms of a contract are not fulfilled.

An Illinois bond serves two important roles. It is part credit to the involved principal, and part insurance to the obligee. When an obligee obtains the services of a bonded principal, it can enjoy an extra level of security for the services that it receives. If the bondholder violates the terms of the contract, the obligee can claim the bond and be compensated for damages incurred.

On the other hand, Illinois bonds also act as an extension of credit to the principal. When a claim is made against the bond by an obligee, the bonded does not have to incur high out-of-pocket expenses. This is because the surety will typically honor the claim and later seek compensation from the involved principal.

Common Illinois Surety Bonds

Notary Bond
Auto Dealer Bond
Roofing Contractor Bond
Public Adjuster Bond
Certificate of Title Bond
Employment Agency Bond


How do I purchase an Illinois surety bond?

NFP, the nation's largest and most reliable surety company, is authorized to issue many different types of surety bonds in Illinois. We can provide the best rates for your bond, as well as the fastest issuance, to get your business off and running.

Our short online application makes it easy. Click below to start the application process today.

Illinois Surety Bond FAQs

Many Illinois professionals and businesses are required to carry a surety bond. Common industries include auto dealers, contractors, notaries, mortgage professionals, freight brokers and collection agencies.

Surety bond premiums in Illinois typically range from 1 to 10% of the bond amount, sometimes up to 15% for higher-risk bonds or lower credit profiles. With strong credit, expect 1 to 4%, while lower credit scores may result in rates of 5 to 15%.

Illinois mandates a variety of bonds depending on occupation or purpose, including:

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Explore All Surety Bonds

Browse all of our surety bonds below or connect with the expertise and guidance of one of our surety bond specialists.

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All Types. All States. The very best solutions for your surety bond needs.