Illinois Fuel | $25,000 Fuel Surety Bond
Also known as: fuel
Type of Bond
An Illinois fuel bond, also known as a fuel tax bond, is a type of surety bond required for fuel suppliers, distributors, and certain transporters operating within the state of Illinois. The bond serves as a financial guarantee that the bonded party will comply with all applicable state laws, regulations, and industry standards related to the reporting and payment of fuel taxes. The primary purpose of the bond is to protect the state and the public by ensuring that the bonded party accurately reports and pays the required fuel taxes, thus contributing to the state's infrastructure and environmental programs. If the bonded party fails to abide by the required regulations or fails to pay the appropriate fuel taxes, a claim can be filed against the bond, potentially resulting in financial compensation for the state. To obtain and maintain an Illinois fuel bond, the bonded party must pay a premium, which is a percentage of the total bond amount set by the state or the surety company. The bond amount is typically determined based on the estimated tax liability or a predetermined minimum amount as required by the state.
Program
The price you'll pay for your $25,000 Fuel 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 $25,000 Fuel 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 $25,000 Fuel 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 Fuel Bond Application process.
The Illinois Fuel Bond amount is currently set at $25,000.
Obligee Information
An obligee is the entity that is requiring you to have the Fuel bond.
Obligee: State Of Illinois
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!