How much does an employment agency bond cost in Illinois?
Owners of private employment agencies are required by the Illinois Department of Labor to post $5,000 surety bonds. Our surety specialists can get you bonded in just 5 minutes for just $100. There’s no credit check required, so everyone qualifies instantly! Purchase your Illinois surety bond now!
|Bond Type||Bond Amount||Cost*|
|Private Employment Agency Bond||$5,000||$100||Buy Now|
Call 1 (800) 308-4358 or click here to get in touch with a surety specialist who will get you set up with the surety bond you need right away.
Why do I need this bond?
Illinois employment agency bonds ensure that principals (private employment agencies) adhere to all of the provisions of the Illinois Private Employment Agency Act. Specifically, this bond makes certain that employment agencies do not knowingly send individuals to employers that treat employees unethically or who force them to work in unsafe conditions. Under this bond, the principal is required to keep accurate records of employee orders and never charge clients for services not received.
If the principal violates any of the terms of the bond agreement and consumers are harmed, the surety will pay for all damages up to the full bond amount. The principal, in turn, must reimburse the surety for any damages paid out.
Ready to purchase your Illinois employment agency bond? Connect with one of our surety specialists now!
What’s the fine print?
Illinois private employment agency bonds expire 1 year after the effective date. If the surety decides to cancel the bond before the expiration date, it must file a written cancellation notice with the Department 60 days prior to the effective termination date. However, the surety remains responsible for any claims brought against the bond during this 60-day period.
How to become a private employment agency in Illinois
Applicants must take an exam before applying for a license with the Illinois Department of Labor. Once the applicant has passed the exam, he or she must submit the appropriate application along with a surety bond, a $50 filing fee and 2 signed and notarized affidavits from 2 different professionals who have known the applicant for 2 or more years and can attest that the applicant is a person of good moral character.
Ready to get started?