Illinois Wreckers | $20,000 Wreckers Surety Bond
Also known as: wrecker bond
Type of Bond
An Illinois Wreckers Bond is a type of surety bond required by the state for businesses engaged in the towing and storage of vehicles, such as wrecker services or tow truck companies. The bond ensures that the bonded party complies with state laws, regulations, and ethical standards governing the towing and storage of vehicles, including proper handling of vehicles, timely delivery of vehicles, and adherence to consumer protection regulations. If the bonded party fails to fulfill its obligations, engages in fraudulent or unethical practices, or violates state regulations, a claim can be filed against the bond to compensate affected parties for any damages or financial loss incurred. In summary, the Illinois Wreckers Bond helps ensure that businesses operating in the towing and storage industry operate ethically and in compliance with state regulations, protecting the interests of consumers and other businesses in the industry.
Program
The price you'll pay for your $20,000 Wreckers 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 $20,000 Wreckers 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 $20,000 Wreckers 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 Wreckers Bond Application process.
The Illinois Wreckers Bond amount is currently set at $20,000.
Obligee Information
An obligee is the entity that is requiring you to have the Wreckers bond.
Obligee: City Of Chicago
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!