Illinois Commercial Driving School | $20,000 Commercial Driving School Surety Bond
Also known as: commercial driving school bond
Type of Bond
An Illinois commercial driving school bond is a type of surety bond required for commercial driving schools operating within the state of Illinois. This bond serves as a financial guarantee that the driving school will comply with all state laws and regulations related to their business operations. It ensures that the school conducts its activities ethically and responsibly, safeguarding the interests of the students and the public. If the driving school fails to adhere to these requirements, a claim can be made against the bond, potentially resulting in financial compensation for the affected parties. To obtain this bond, the driving school must pay a premium, which is a percentage of the total bond amount set by the state.
Program
The price you'll pay for your $20,000 Commercial Driving School 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 Commercial Driving School 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 Commercial Driving School 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 Commercial Driving School Bond Application process.
The Illinois Commercial Driving School Bond amount is currently set at $20,000.
Obligee Information
An obligee is the entity that is requiring you to have the Commercial Driving School bond.
Obligee: Illinois Secretary Of State
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!