Illinois Temp Labor | $5,000 Temp Labor Surety Bond
Also known as: temp labor bond
Type of Bond
An Illinois Temp Labor Bond is a type of surety bond required by the state for businesses that provide temporary labor services to clients. The bond ensures that the temporary labor agency complies with state laws, regulations, and ethical standards governing the temporary staffing industry. The purpose of the bond is to protect employees of the temporary labor agency from any fraudulent or unethical practices by the agency. It serves as a financial guarantee that the agency will operate its business ethically, including the timely payment of wages, taxes, and other employee benefits. If a temporary labor agency fails to fulfill its 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 Temp Labor Bond helps ensure that temporary labor agencies operate their business ethically and in compliance with state regulations, protecting the interests of their employees and the public.
Program
The price you'll pay for your $5,000 Temp Labor 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 $5,000 Temp Labor 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 $5,000 Temp Labor 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 Temp Labor Bond Application process.
The Illinois Temp Labor Bond amount is currently set at $5,000.
Obligee Information
An obligee is the entity that is requiring you to have the Temp Labor bond.
Obligee: Illinois Department Of Labor Fair Labor Standards Division
Street: Michael A Bilandic Bldg 160 N Lasalle Suite C-3150
State: Illinois
Zip: 60601
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!