Anyone who wants to operate a driver training school in Illinois needs to obtain an Illinois Driver Training School Bond. This a type of surety bond that is a guarantee that the school will comply with all of the rules and regulations of the Illinois Vehicle Code. The bond also protects students and their families from financial losses that may occur as a result of the school’s negligence or misconduct.
The bond amount is set by the Illinois Secretary of State and varies depending on the type of driving school. The following are the bond amounts for different types of driving schools:
- Non-accredited licensed driver training school for adults or motorcycles: $10,000
- Accredited licensed driver training school for teens or CDLs: $40,000
- CDL or teen driver training school with 3+ branches: $50,000
- Combination of teen and CDL school: $60,000
- Combination of teen and CDL school with 3+ branches: $70,000
How to get a Illinois Driver Training School Bond
At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:
- Complete the easy to navigate and secure online application. 1
- Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
- Sign some paperwork and pay the bond premium
Once these steps have been completed, the Illinois Driver Training School Bond will be shipped to the bond applicant.
1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.
Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.
To start a driver training school (CDTS) in Illinois, you must:
- Meet the requirements for ownership and management. The owner and manager of a CDTS must be at least 21 years old, have a good moral character, and be financially responsible. They must also have a valid Illinois driver’s license and a CDL with all of the endorsements that they will be teaching.
- Obtain a license from the Illinois Secretary of State. To obtain a license, you must submit an application and pay a fee. You must also provide proof that you meet the requirements for ownership and management, and that you have adequate facilities and equipment to operate a CDTS.
- Register with the Federal Motor Carrier Safety Administration (FMCSA). The FMCSA is the federal agency that regulates commercial driver training. To register, you must create an account on the FMCSA website and submit certain information, such as your name, address, and the types of CDL training that you will be offering.
- Hire qualified instructors. Your instructors must have a valid Illinois CDL with all of the endorsements that they will be teaching. They must also have a clean driving record and be able to pass a background check.
- Develop a curriculum that meets the requirements of the Illinois Secretary of State and the FMCSA. Your curriculum must cover all of the topics that are required for CDL training, such as vehicle operation, traffic laws, and safety procedures.
- Purchase insurance. You must have commercial liability insurance and workers’ compensation insurance.
- Obtain a Illinois Driver Training School Bond. A surety bond is a financial guarantee that you will meet your obligations as a CDTS.
Once you have completed all of the above steps, you will be able to start operating your CDTS in Illinois.