What is an Illinois Day and Temporary Labor Services Agency Bond?

Learn the importance of this surety bond to your business today!

Illinois Day and Temporary Labor Services Agency BondNo Day and Temporary Labor Services Agency is allowed to employ day or temporary laborers to provide contractual services to any third party client without first registering with the Department of Labor of the State of Illinois.

One of the requirements for the said registration is a surety bond.

The surety bond will serve as a guarantee that the Day and Temporary Labor Services Agency will abide by the statutory provisions or the Day and Temporary Labor Services Act of the State of Illinois.

If the Day and Temporary Labor Services Agency is found to have violated the relevant state laws, the person who has been harmed will be eligible for a just compensation by filing a claim against the surety bond.

 

What is the Day and Temporary Labor Services Agency Bond amount?

The bond amount is $5,000.

Your bond premium will depend on your credit score. Those who have an excellent credit score will be able to pay a very low bond premium!

 

How can I get a Day and Temporary Labor Services Agency Bond?

Here’s a step-by-step bonding process that we have made easier so that you can get your bond in no time:

BOND APPLICATION

You must first apply for this type of surety bond. If you are ready to do this now, you may APPLY HERE!

Our expert surety bond agent will guide you through the entire process – from the time you have applied until the bond is issued to you.

ASSESSMENT

Next, you will be asked to submit a few important information that our underwriter will typically assess your credit score.

To avoid any delays, make sure that you have gathered the right information needed before submitting.

BOND ISSUANCE

Once the underwriting process is done, we will immediately issue your bond and send it to you right away!

 

What are the surety bond conditions?

  • The Surety who will issue the bond should be authorized to conduct business in the State of Illinois.
  • The surety bond should be made payable to the People of the State of Illinois.
  • The registered Day and Temporary Labor Services Agency is obligated to comply with the provisions of the Day and Temporary Labor Services Act of the State of Illinois, as well as the rules and regulations of the Department of Labor of the State of Illinois.
  • If the registered Day and Temporary Labor Services Agency commits a valid violation, the Obligee of the bond will be eligible to file for a bond claim to recover the amount lost.

For more information about this type of surety bond, please feel free to contact us!

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