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Illinois
City of Chicago Taxicab License Manager Bond

400,000+ Bonds issued to 250,000+ satisfied customers.

Coverage Amount: $200,000
Term Length: 1 year
Cost: $1,000
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Chicago Taxicab License Manager Bond Guide

If you’re applying for a taxicab medallion license manager license in Chicago, Illinois, you’ll need this surety bond. 

Bond Overview

  • Purpose: To ensure compliance with city laws and codes 
  • Who Needs It: Taxicab license managers in Chicago, IL
  • Regulating Body: The Chicago Department of Business Affairs and Consumer Protection
  • Required Coverage: $200,000
  • Premium Rate: $1,000

Learn all about the bond requirements and process in this guide. 

What Is a Chicago Taxicab License Manager Bond?

A Chicago taxicab license manager bond enforces compliance with the Municipal Code of Chicago and all applicable rules and regulations.

How Much Do Taxicab License Manager Bonds Cost?

A $200,000 Chicago taxicab license manager bond costs a flat rate of $1,000 with SuretyBonds.com. No application or credit check is required. 

Click below to buy your bond in minutes!

Bond Type
$200,000City of Chicago Taxicab License Manager Bond

SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees. 

Who Needs a Taxicab License Manager Bond? 

The Chicago Department of Business Affairs and Consumer Protection (DBACP) requires this bond as part of the licensing process for taxicab medallion license managers in the state.  

How Do I Get My Bond?

With SuretyBonds.com, you can buy your Chicago taxicab license manager bond instantly online. Just enter your information and checkout in minutes. 

We’ll email you the bond shortly after purchase. Be sure to file it with the DBACP as instructed. 

If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance. 

How Does a Chicago Taxicab License Manager Bond Work? 

A taxicab license manager bond creates a legal contract between these three parties: 

  1. Principal: You, the taxicab medallion license manager filing the bond
  2. Obligee: The Department of Business Affairs and Consumer Protection requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for operating legally and responsibly according to Chicago Municipal Code. 

If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety. 

How Do I Renew My Bond?

These bonds expire annually. To renew your taxicab license manager bond, simply pay your renewal invoice when prompted. 


After renewing, you’ll receive a continuation certificate to file with the as proof of ongoing coverage.

Call 1 (800) 308-4358 to talk with a Surety Expert

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