Choose from our commonly requested Illinois bonds below.
The Illinois Secretary of State requires car dealers to have a $50,000 Designated Agent Bond to get a license. It is mandatory during the first few years of business, but may not be applicable to all dealers.
Notaries in the state of Illinois must carry a $5,000 notary bond. The bond lasts for a four-year term to line up with the notary regulatory term.
Fidelity Bonds are needed for various business types including cleaning and janitorial services, financial institutions, and businesses offering employee benefit plans.
A Wage and Welfare Bond (Union Bond) may be required if you are looking to hire union laborers to guarantee you pay them their dues.
Court Bonds are required on a county level for plaintiffs and defendants in all 50 states going through certain processes such as an appeal or replevin. Replevin bonds, appeal bonds, and lien bonds are examples of court bonds.
Probate Bonds (Fiduciary Bonds) may be for someone acting on behalf of another either for financial and/or medical reasons. These can be for administrators or executors, conservators or guardians, and trustees.
To conduct business, the state of Illinois regulates protections for its citizens. Among these requirements are several types of surety bonds, with regulators varying from the City of Chicago to the Illinois Secretary of State. A surety bond is a tool that guarantees reimbursement to those financially harmed by fraudulent and/or negligent actions of a principal (bondholder).
Jet, as the surety company, is the third-party guarantor. We pay out valid claims but then must be reimbursed by the principal. To give you a brief example—a motor vehicle dealer that fails to disclose important accident history about a vehicle to a purchasing customer could see a claim filed on their license bond. Jet would provide a payout to the customer and then seek reimbursement from the dealer. Read our Surety Bond Claims Guide for more details on claim causes and the claim process.
Jet is approved to issue surety bonds in Illinois (NAIC #16379).