Illinois Surety Bond Guide

Which Surety Bond Do You Need?

There are three types of surety bonds that can be required of you:

It’s important you understand how surety bonds work and that you're responsible to pay claims in full. You can also read our guide to learn how to get bonded in Illinois.

How to Get Licensed and Bonded in Illinois

Illinois requires license and permit bonds in order to get and file licenses/permits for many different lines of business. You can find the full list of license and permit bonds required by using our bond requirement search tool.

The most frequently needed license and permit bonds are contractor license bonds, with several different kinds required depending on the type of work. The corporation plumbing contractor bond is needed for plumbers who inspect, install, alter, extend, repair and maintain plumbing systems. Also, the limited liability plumbing contractor bond is needed by plumbers who want to operate a plumbing contracting Limited Liability Company (LLC); both bonds are required by the Illinois Department of Public Health. Another type of license bond that’s often applied for is the limited roofing contractor bond for contractors to perform residential roofing in Illinois. Additionally, there is the unlimited roofing contractor bond which allows contractors to do both residential and commercial roofing (both of these bonds are required by the Illinois Department of Financial and Professional Regulation).

Illinois License & Permit Bond Search

Getting Construction Bonds for Jobs

Contract bonds such as bid and performance bonds are needed to work on public construction projects. However, these are usually required by cities or municipalities as opposed to the state. You can learn more about what’s needed to get surety bonds for construction projects.

Getting Court Bonds in Illinois

Court bonds aren’t needed as often as the bonds mentioned above, but can be required by the courts if you need to appeal a court decision, become a legal guardian of a minor or operate as a fiduciary of an estate.

What Do Surety Bonds Cost?

Costs vary significantly depending on the bond amount you need and your rate (which is the percentage of the full bond amount you must pay). You can get an instant estimate by using our bond premium calculator, or apply online to get a firm surety bond quote.

Can You Get Bonded with Bad Credit?

It’s possible to get surety bonds with bad credit, but it will depend on the bond type you need and how severe your credit issues are. You can get approved for most license and permit bonds with bad credit. However, it is more difficult to get contract bonds with credit issues.

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