Illinois Private Employment Agency Surety Bond

All private employment agencies in Illinois that charge fees to job seekers are required to purchase an Illinois Private Employment Agency Surety Bond. This bond is required by the Illinois Department of Labor and serves as a financial guarantee to job seekers that the agency will operate in accordance with the law and that they will be compensated if they are harmed by the agency.

The bond amount is $5,000 and must be maintained for the duration of the agency’s license. The bond can be purchased from a licensed surety company.

Here are some examples of private employment agencies that need to purchase an Illinois Private Employment Agency Surety Bond:

• Temporary employment agencies
• Placement agencies
• Executive search firms
• Employment counselors
• Staffing agencies
• Recruitment agencies

Any person or entity that charges fees to job seekers in Illinois to assist them in finding employment is required to purchase a Private Employment Agency Surety Bond.

How to get a Illinois Private Employment Agency Surety Bond

At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:

1. Complete the easy to navigate and secure online application. ¹
2. Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
3. Sign some paperwork and pay the bond premium

Once these steps have been completed, the Surety 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.} 

The cost of the bond is usually between 1% and 3% of the bond amount, subject to a minimum premium and fees of $150 to$250. Surety1 will shop its many markets to procure the right price at the right terms.

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.