Illinois Painters District Council 14 Wage | Painters District Council 14 Wage Surety Bond
Also known as: wage bond, painter wage bond
Type of Bond
An Illinois painter wage bond is a type of surety bond required by the state for contractors and subcontractors performing painting work on public projects in the state. The bond ensures that the contractor or subcontractor pays their employees the prevailing wage, as determined by the Illinois Department of Labor, for the work performed. If the contractor or subcontractor fails to pay the required wage, a claim can be made against the bond. The bonding company will cover the damages up to the bond's amount, and the contractor or subcontractor is responsible for reimbursing the bonding company. The bond amount required is based on the total cost of the project and the number of employees working on the project.
Program
The price you'll pay for your Painters District Council 14 Wage Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!
We provide all types of Painters District Council 14 Wage Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.
Application
The application process for a Painters District Council 14 Wage Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Painters District Council 14 Wage Bond Application process.
Obligee Information
An obligee is the entity that is requiring you to have the Painters District Council 14 Wage bond.
Obligee: ILLINOIS PAINTERS DISTRICT COUNCIL #14
Street: 1456 W ADAMS ST
State: Illinois
Zip: 60607
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!