How much does an energy broker bond cost in Illinois?
The state of Illinois requires energy brokers, consultants and agents to post a $5,000 surety bond. SuretyBonds.com can approve all applicants for this bond for just $100. No credit check is required, so everyone qualifies instantly!
Speak with a surety expert by calling 1 (800) 308-4358, or contact us online now to get your Illinois energy professional bond.
|Bond Type||Bond Amount||Cost*|
|Energy Agent, Broker or Consultant License Bond||$5,000||$100||Buy Now|
If you’re ready to get bonded, call us at 1 (800) 308-4358, or fill out an easy online bond request to receive a free quote.
Why do I need this bond?
Professionals who broker out utility services to consumers in Illinois must be bonded. These bonds ensure that energy agents work according to industry regulations, including, but not limited to:
- disclosing that they aren’t employed by the energy supplier(s)
- disclosing, if applicable, that the energy supplier will provide them with compensation
- marketing themselves, their services, and the energy provider honestly
For a detailed breakdown of licensing requirements, including regulations and prohibited acts, check out our “Important Links” section below.
What’s the fine print?
The state currently does not have a specific bond form for this bonding requirement. This means your bond will be issued on a generic bond form that you will file with the state. Illinois energy broker surety bonds expire 1 year from the date of issuance. If the bond is to be canceled, the surety company must provide the state with at least 30 days notice.
Ready to get started?