Illinois personal property warehouse bonds.
From $100.
Before an Illinois personal property warehouseman is licensed, it files a surety bond (or legal-liability policy) under the Personal Property Storage Act to protect depositors’ stored goods — the bond prices at 0.5% of the bond amount, $100 minimum, with a quick soft credit check that never affects your score. Enter the required amount and see your exact price.
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How much does an Illinois personal property warehouse bond cost?
0.5% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps to filed.
Your warehouse license is waiting on this security. Here is the whole process — no broker phone tag:
Apply online
Your business details, years in business, the bond amount your class requires, and the effective date — that is the application, plus a one-time consent to a soft credit pull.
Approved
Most are approved as soon as you apply. One soft credit pull, never a hard inquiry, and it never affects your score. If it needs a second look, one to two business days at most.
File with the Commission
Receive the executed bond ready to file as security before your license issues. Wet-ink originals mailed whenever the Commission insists.
What it is and who needs it.
What the warehouse bond actually covers
Illinois regulates personal property warehouses under the Personal Property Storage Act (240 ILCS 10). Before a license issues, the warehouseman must file a surety bond or legal-liability insurance policy as security for the goods depositors leave in its care.
The bond provides for the warehouseman’s faithful performance of its duties under the Act and the Uniform Commercial Code, and for payment of any loss or damage sustained by a depositor of stored property. It is payable for the benefit of owners of the stored goods.
The required security varies by warehouse class and size — commonly from $10,000 up, with larger classes carrying higher amounts. A continuous surety bond may stand in for the insurance coverage. We issue the amount your class requires with premiums starting from $100 and a soft credit check; if the surety pays a claim, you repay the surety.
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 with the Commission. Receive the executed bond ready to file as security before your license issues. Wet-ink originals mailed whenever the Commission insists.
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.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and your bond is issued when you pay.
Start the application →Common questions.
Other Illinois bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Warehouse bond, handled today.
From $100, short application. Soft pull only, bond issued when you pay. Free until issued.