Illinois Day And Temporary Labor Services Bond
AmeriPro Surety Bonds | 844-589-9732
Agencies which provide day and temporary labors services in Illinois are regulated by the Day and Labor Temporary Services Act of the Illinois General Assembly.
As a requirement for licensing by the state, you are required to file a $5000 surety bond.
AmeriPro Surety Bonds offers this surety bond for just $100.
Illinois Day And Temporary Labor Services Bond: Its Purpose
The purpose of the day and temporary labor services bond is a financial guarantee that a licensed employment agency will be in compliance with all provisions of the Act.
More specifically, the bond protects others, your employees, from acts of fraud, theft, or criminal malfeasance committed by an agency in their professional conduct as it relates to their hired workers.
The bond’s existence allows those who can satisfactorily demonstrate harm to file against the surety bond up to the bond’s face amount of $5,000 (this would be in total, not per person).
But your surety bond is not an insurance policy which protect you as the purchaser (known in surety lingo as “the principal”).
And with that in mind, should a claim be paid on your day and temporary services labor bond, you are legally obligated to reimburse the surety for all costs and fees involved in the settlement of that claim.
Illinois Day And Temporary Labor Services Bond: Its Premium and the Bond’s Duration
For the vast majority of our applicants, the premium for this surety bond will be as low as $100.00.
Once issued, the bond is active for one year from the date of issuance; thereafter it must be renewed.
Our surety will send you a renewal for the bond’s premium well ahead of time, but in any case, keeping the bond active is essential for staying compliant with the Act and the state of Illinois.
About Our Agency
AmeriPro Surety Bonds is a surety bonds-only agency which provides license and permit, contractor, court, and fiduciary bonds throughout Illinois.
We also provide surety bonds nationwide.
We thank you for your consideration and look forward to helping you get bonded today.