This surety bond is required by the Illinois State Board of Education under the Private Business and Vocational School Act (105 ILCS 426/). This bond ensures that the school acts in an honest manner, including the complete performance of all contracts and agreements for students and their parents, guardians, or sponsors. The required bond amount varies and is established by the Board. The amount of the bond must be sufficient to provide for the repayment of full tuition to all students enrolled at the institution in the event of closure with the institution. To determine the cost of this bond, simply complete our easy online application.
To Attain an Illinois Private Business & Vocational School Surety Bond:
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.