Energy broker bond cost
The state of Illinois requires energy brokers, consultants and agents to post a $5,000 surety bond. Surety bonds can approve all applicants for this bond for just $100. No credit check is required, so everyone qualifies instantly!
Why this bond
Professionals who broker out utility services to consumers in Illinois must be bonded. These bonds ensure that energy agents work according to industry regulations, including, but not limited to:
- Disclosing that they aren’t employed by the energy supplier(s)
- Disclosing, if applicable, that the energy supplier will provide them with compensation
- Marketing themselves, their services, and the energy provider honestly
If you’re ready to start the licensing process to broker energy in Illinois, buy the surety bond you need now for just $100!
Energy broker bond details
The state currently does not have a specific bond form for this bonding requirement. This means your bond will be issued on a generic bond form that you will file with the state. Illinois energy broker surety bonds expire 1 year from the date of issuance. If the bond is to be canceled, the surety company must provide the state with at least 30 days notice.
Apply for your surety bond
Get a FREE Energy Broker Bond Quote Today! Click here to begin