Illinois Private Employment Agency Surety Bond
What is an Illinois (IL) Private Employment Agency License Surety Bond?
An Employment Agency bond is a classification of Commercial Surety Bonds that are required in order to secure an employment agency license as required by state statute, regulation or law.
The State of Illinois requires licensees to post and maintain a $5,000 Private Employment Agency License bond.
Agencies who will be working with the Screen Actors Guild and or American Federation of Television and Radio Artists, also known as SAG/AFTRA may be required to post a SAG/AFTRA Franchised Talent Agency Bond in conjunction with their Employment Agency License bond.
Who is required to post an Illinois (IL) Private Employment Agency Bond?
Any business or individual who, for a fee, offers to place, procure or attempt to procure employment or temporary work for persons seeking employment or temporary work, or assist employers in finding employees to fill employment opportunities. Employment Agency licenses can also be known as Talent Agencies, Entertainment Agencies, Temporary Help Service Firms, Modeling Agencies, Athlete agents and Agencies and Employment Counseling Service.
How much does an Illinois (IL) Private Employment Agency License Surety Bond cost?
The base rate for an Employment Agency License Surety Bond is typically 1% of the required bond amount for qualifying accounts. Factors such as personal credit and experience of the applicant will determine eligibility. Do you have credit issues? Don’t worry our Bad Credit Surety Bond Program lets you get the bond you need even though you may not qualify through standard surety companies! Let the underwriters at A1SuretyBonds provide your required bond at the lowest possible rate!
We work fast so you can stay focused on your business. - Satisfaction Guaranteed!