Illinois PPP administrator bonds.
From $100.
A Preferred Provider Program administrator registered with the Illinois Department of Insurance files a surety bond as part of registration under the Insurance Code’s preferred-provider provisions. The Department sets the amount, and the bond prices at 1% of the bond amount, $100 minimum.
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How much does an Illinois PPP administrator bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No underwriting queue for the standard PPP administrator bond — enter your amount, pay, and file with the Department of Insurance. Here is the whole thing:
Apply online
Your business details, the bond amount the Department required, and the effective date — that is the application.
Issued on the spot
No credit check up to $100,000 — the executed bond is generated as soon as you pay, priced at 1% of the bond amount with a $100 minimum.
File with the Department of Insurance
Submit the executed bond with your PPP administrator registration. Wet-ink originals mailed whenever the Department insists.
What it is and who needs it.
What the PPP administrator bond actually covers
Illinois regulates Preferred Provider Programs — networks that steer covered members to contracted providers — under the preferred-provider provisions of the Illinois Insurance Code (215 ILCS 5) and the Department of Insurance’s rules at 50 Ill. Adm. Code 2051. An entity that administers such a program registers with the Department.
As part of registration, a PPP administrator files a surety bond running to the Department of Insurance as obligee. The bond backs the administrator’s obligations under the program — for example, that funds it handles on behalf of the program and its participants are accounted for and that it complies with the preferred-provider rules.
It is not insurance for the administrator — if the surety pays a claim, the administrator repays the surety. The Department sets the required amount; we price that figure with premiums starting from $100 and no credit check up to $100,000 in the application. Confirm the amount on your registration paperwork before filing.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A court bond answers to the court and the party its order protects: if the judgment or order the bond secures is not satisfied, that party can claim against it, up to the penal sum the court set.
The surety pays a valid claim after the court rules, and you repay the surety. A court 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 Department of Insurance. Submit the executed bond with your PPP administrator registration. Wet-ink originals mailed whenever the Department insists.
What sets the price
The premium is 1% 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 the Department set — no credit check up to $100,000, and the executed bond is generated instantly for most applicants, ready to file with the Department of Insurance.
Start the application →Common questions.
Other Illinois bonds.
Price and requirements checked on the carrier’s application, . Page updated .
PPP administrator bond, issued today.
From $100. Enter the amount the Department set and file the same day.