Illinois Highway Permit | $50,000 Highway Permit Surety Bond

Also known as: highway permit bond

Type of Bond

An Illinois Highway Permit Bond is a type of surety bond required by the Illinois Department of Transportation (IDOT) for contractors and businesses undertaking work within the state's public right-of-way, such as construction, maintenance, or utility projects. This bond ensures that the permit holder complies with all applicable rules, regulations, and permit requirements while performing the work. The purpose of the bond is to protect the state, its citizens, and the public infrastructure from any potential damage or disruption caused by the permit holder's activities. In the event of non-compliance, negligence, or damage caused by the permit holder, a claim can be filed against the bond to recover the costs of repairs, penalties, or other expenses incurred. In summary, the Illinois Highway Permit Bond serves as a financial guarantee that contractors and businesses operating on public right-of-way will adhere to state regulations and requirements, safeguarding public infrastructure and the interests of the state and its citizens.


Program

The price you'll pay for your $50,000 Highway Permit 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 $50,000 Highway Permit 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 $50,000 Highway Permit 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 Highway Permit Bond Application process.

The Illinois Highway Permit Bond amount is currently set at  $50,000.

Obligee Information

An obligee is the entity that is requiring you to have the Highway Permit bond.

For your convenience you can view a sample copy of the Illinois Highway Permit Bond Form.

Obligee: State Of Illinois