Illinois Seller of Travel Bond
Complete Guide to Bonding for Travel Agencies in Illinois
1. Start Your Application
2. Receive Your Free Quote
3. Buy Your Surety Bond
- Image
99% of Travel Agents Approved! - Image
100% Secure Online Application - Image
Lowest Rates for Travel Agencies - Image
Exclusive Bad Credit Program
How Much Does an Illinois Seller of Travel Bond Cost?
The cost of an Illinois seller of travel bond is between $1,000 and $10,000. The state requires travel promoters to have a $100,000 surety bond. However, you can meet the state’s requirement without paying the bond’s full penal sum.
Our surety company is authorized to sell bonds in Illinois, and we offer bonds at a rate of 1% to 10%. The rate you receive is determined by your professional credentials, financial assets and credit scores.
We provide surety bonds to over 99% of our applicants and have been serving our valued customers for more than a decade. Bonds are available for applicants with most credit scores.
If your credit score is at least 700, you will qualify for a 1% to 3% rate. With this score, your Illinois seller of travel bond will cost between $1,000 and $3,000.
|
Surety Bond Cost Based on Credit Score |
||||
|
Surety Bond Name |
Surety Bond Amount |
Over 700 |
Between 600 - 699 |
Below 599 |
|
Illinois Seller of Travel Bond |
$100,000 |
$1,000 - $3,000 |
$3,000 - $5,000 |
$5,000 - $10,000 |
How to Get an Illinois Seller of Travel Bond
1. Apply For Your Bond
Getting a seller of travel bond in Illinois is hassle-free when you buy your bond from us. Our quick process ensures you get your bond fast. Simply fill out the online application.
2. Get Your Bond Quote
We will provide a fast response, so you will not wait long to get a bond quote. Most applicants receive an immediate bond quote. If an application requires additional review, we will provide a quote within 48 hours.
A new customer, Ruby, took advantage of our convenient online application. Only a few minutes after submitting the application, she got a bond quote from us. Ruby was thrilled to get her bond later that day.
3. Purchase Your Bond
After reviewing your bond quote, the final step is to pay your premium online. After we process your bond, you will receive it via email. We can also mail it to you upon request.
Our bond experts take pride in providing exceptional customer service and helping each customer get the bond they need. If you need assistance with your bond purchase, please let us know. Contact us online or by phone at (877) 514-5146.
Apply for a free no-obligations quote on your surety bond!
Seller of Travel Bond Requirements in Illinois
To work as a travel agent in Illinois, you must have a seller of travel bond. The purpose of the bond is to protect consumers from financial loss related to financial mishandling and fraud. According to the Travel Promotion Consumer Protection Act, the amount of the surety bond is $100,000.
To remain in compliance with state law, you must maintain your surety bond while providing travel promotion services in Illinois. To maintain your bond, the bond premium payment must be made annually. We assist our customers with bond maintenance by providing renewal payment instructions each year.
How to Get Your Seller of Travel License in Illinois
Illinois does not require sellers of travel to have a license or to register with the state. However, you will need the following items:
- IATA number
- Surety bond
- Errors and omissions insurance
If you have questions about the rules and regulations for sellers of travel in Illinois, please contact:
Office of the Attorney General
115 S. La Salle Street
Chicago, IL 60603
Phone: (312) 814-3276
About Us
Still Have Questions? Check Our FAQ Pages
What Our Clients Have To Say?
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!
