Illinois Plumbing Contractor | $20,000 Plumbing Contractor Surety Bond
Also known as: plumbing contractor bond, contractor bond, plumber bond
Type of Bond
In Illinois, a plumbing contractor bond refers to a type of surety bond that may be required for individuals or businesses operating as plumbing contractors within the state. A plumbing contractor bond serves as a financial guarantee for the state and consumers. It is a contractual agreement involving three parties: the plumbing contractor (principal), the state regulatory authority (obligee), and a surety company. The purpose of the bond is to ensure that the plumbing contractor operates in compliance with applicable laws, regulations, and industry standards while providing plumbing services. By obtaining a plumbing contractor bond, the contractor demonstrates their commitment to fulfilling their responsibilities, such as performing plumbing work with competence, adhering to safety regulations, and complying with licensing and regulatory requirements. The bond provides protection for consumers in case the contractor fails to meet their obligations or engages in fraudulent or negligent practices. If the plumbing contractor violates the terms of the bond agreement, performs substandard work, or fails to meet industry standards, a claim can be made against the bond. The surety company issuing the bond may provide compensation up to the bond amount to affected consumers. The specific requirements and regulations surrounding plumbing contractor bonds can vary depending on the jurisdiction and the nature of plumbing services in Illinois. It is advisable to consult with the appropriate regulatory authority or seek legal advice to obtain accurate and up-to-date information on plumbing contractor bonds in Illinois.
Program
The price you'll pay for your $20,000 Plumbing Contractor 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 Plumbing Contractor 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 Plumbing Contractor 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 Plumbing Contractor Bond Application process.
The Illinois Plumbing Contractor Bond amount is currently set at $20,000.
Obligee Information
An obligee is the entity that is requiring you to have the Plumbing Contractor bond.
Obligee: Illinois Contractor Board
State: Illinois
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!