How much does a labor services agency surety bond cost in Illinois?
The Fair Labor Standards Division of the Illinois Department of Labor requires the state’s day and temporary labor agencies to post a $5,000 bond. Your exact bond cost will be based on a review of your credit report. Qualified applicants can pay as little as $100 when working with SuretyBonds.com.
Don’t let bad credit stop you from getting the bond you need! SuretyBonds.com can approve 99% of applicants - even those with credit issues. Call 1 (800) 308-4358, or contact us now to get your free surety bond quote.
|Bond Type||Bond Amount||Cost by Credit Score*|
|680 and up||679 - 600||599 or lower|
|Day and Temporary Labor Services Agency Bond||$5,000||Starts at $100||$150-$500||$500+||Apply Now|
If you’re ready to get your bond, give us a call at 1 (800) 308-4358, or contact an expert surety specialist now.
Why do I need this bond?
When this bond requirement was established, the Illinois General Assembly estimated that there were more than 300,000 day or temporary workers and about 150 day labor agencies in the state. Studies of this group indicated that these workers can be particularly vulnerable to both wage and labor abuse, with violations including unlawful deductions and failure to pay for all hours worked.
As such, this bond requirement was established to protect these workers and make sure that employers do not take advantage of them. This bond requires that agencies manage and pay temporary and day laborers lawfully and according to their contracts.
For more information on this bond requirement, contact a surety expert by calling 1 (800) 308-4358, or by submitting an online bond request now.
What’s the fine print?
Illinois day and temporary labor bonds expire 1 year from the date of issuance. If the bond is to be canceled, the surety must provide the obligee with at least 60 days notice.
The bond form requires the business name, location, and county to be listed.
How to become a day and temporary labor services agency in Illinois
Agencies must provide proof of an employer account number issued by the Department of Employment Security to ensure they have adequate coverage for the payment of unemployment insurance contributions.
Agencies must also post notices provided by the Department as well as a notice listing a toll-free telephone number that allows laborers and the public to file wage dispute complaints and other alleged violations.
Detailed registration requirements and prohibited acts can be found in 820 ILCS 175.
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