Illinois Roofing Contractors License | $10,000 Roofing Contractors License Surety Bond
Also known as: contractor license bond
Type of Bond
An Illinois Contractor License Bond is a type of surety bond required by the state for licensed contractors. This bond ensures that the contractor complies with state laws, regulations, and ethical standards governing the construction industry. The purpose of the bond is to protect consumers, the state, and other parties from potential financial loss, fraud, or unethical conduct by the contractor. It serves as a financial guarantee that the contractor will operate their business professionally, ethically, and in accordance with the law, including the proper handling of construction projects, transparent disclosure of terms, and timely payment of fees and taxes. If a licensed contractor fails to fulfill their 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 Contractor License Bond helps ensure that licensed contractors maintain a high level of professionalism and integrity, protecting the interests of the public and upholding the integrity of the construction industry.
Program
The price you'll pay for your $10,000 Roofing Contractors License 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 $10,000 Roofing Contractors License 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 $10,000 Roofing Contractors License 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 Roofing Contractors License Bond Application process.
The Illinois Roofing Contractors License Bond amount is currently set at $10,000.
Obligee Information
An obligee is the entity that is requiring you to have the Roofing Contractors License bond.
For your convenience you can view a sample copy of the Illinois Roofing Contractors License Bond Form.
Obligee: Department Of Financial And Professional Regulation
Street: 320 W Washington St
State: Illinois
Zip: 62786
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!