Illinois Union Installers | $60,000 Union Installers Surety Bond
Also known as: union installer bond
Type of Bond
An Illinois Union Installers Bond is a type of surety bond required by the state for businesses that provide installation services for union-affiliated construction projects. The bond ensures that the bonded party will comply with state laws, regulations, and ethical standards governing the installation industry and union labor practices. It also serves as a financial guarantee that the bonded party will pay union dues and other financial obligations related to the installation work. If the bonded party fails to fulfill its obligations 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 Union Installers Bond helps ensure that businesses operating in the installation industry comply with state regulations and operate their business ethically, protecting the interests of the union and the public.
Program
The price you'll pay for your $60,000 Union Installers 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 $60,000 Union Installers 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 $60,000 Union Installers 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 Union Installers Bond Application process.
The Illinois Union Installers Bond amount is currently set at $60,000.
Obligee Information
An obligee is the entity that is requiring you to have the Union Installers bond.
Obligee: Various Benefit
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!