Illinois dance studio bonds.
From $100.
Illinois regulates dance studios that sell prepaid lesson contracts under the Physical Fitness Services Act (815 ILCS 645). When a bond is required, it protects students who paid in advance if the studio closes. Pricing is 0.5% of the bond amount, $100 minimum. Enter the amount you were asked for and your exact price appears at the application.
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How much does an Illinois dance studio bond cost?
0.5% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No credit check up to $100,000. Here is the whole thing:
Apply online
Your business details, the bond amount you were asked for, and the effective date — that is the application.
Issued on the spot
Most applications approve instantly — the executed bond is generated as soon as you pay.
File and keep selling lessons
Hold the executed bond where the contract or jurisdiction that required it directs. Wet-ink originals mailed whenever you need them.
What it is and who needs it.
What the dance studio bond actually covers
Illinois's Physical Fitness Services Act (815 ILCS 645) governs prepaid contracts for physical-fitness services — and the Act's definition of a physical fitness center reaches facilities that offer instruction in dancing along with gyms, spas, and studios. When a studio sells contracts that run beyond a short term, the Act's consumer-protection rules apply.
The bond is a consumer-protection guarantee: it backs the money students pay in advance for lessons. If a studio closes or stops providing the lessons a customer already paid for, the harmed customer can recover against the bond rather than being left with nothing.
The exact amount and whether a bond (versus another permitted security) is required depend on the contracts you sell and the form whoever is requiring it hands you. We don't guess at your figure — enter the amount you were asked for, and the premium is 0.5% of that amount, $100 minimum — exact price in the on-page calculator.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File and keep selling lessons. Hold the executed bond where the contract or jurisdiction that required it directs. Wet-ink originals mailed whenever you need them.
What sets the price
The premium is 0.5% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $100,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued on the spot.
Submit the application with the bond amount you were asked for — pricing starts from $100 and your executed dance studio bond is generated instantly, ready to file.
Start the application →Common questions.
Other Illinois bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Dance studio bond, issued today.
Priced from $100. Enter the amount you were asked for and file the same day.