This bond guarantees that elected or appointed county and city officials (such as mayors, treasurers, clerks, and sheriffs) will faithfully perform their duties and handle public funds ethically. It protects taxpayers and the public from losses caused by official misconduct, fraud, or negligence. Bond amounts are set …
Overview
What it is.
This bond guarantees that elected or appointed county and city officials (such as mayors, treasurers, clerks, and sheriffs) will faithfully perform their duties and handle public funds ethically. It protects taxpayers and the public from losses caused by official misconduct, fraud, or negligence. Bond amounts are set …
Who usually needs it
Elected or appointed county and city officials in Illinois who handle public funds, fiduciary duties, or financial matters, including mayors, city treasurers, city clerks, county treasurers, county clerks, sheriffs, and other municipal officers as required by local ordinance and state statute.
Pricing & timing
What to expect.
Generic pricing
Fidelity bonds protect against employee dishonesty and theft. Typical Pricing:. • Standard coverage: Premiums commonly based on coverage amount and number of employees. • ERISA bonds: Matrix pricing based on plan assets — often starting around $100–$300 per year for smaller plans. • Employee dishonesty bonds: Rates vary by coverage level and employee count. ERISA fidelity bonds are required for employee benefit plan fiduciaries. Coverage must equal at least 10% of plan assets handled, up to…
Typical timeframe
Specialized application — typically 1–3 business days
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateILBond amountVaries by license type or projectObligeeCounty boards and circuit clerksBond classFidelity BondCategoryGovernmentBondPublic Official Bond (County/City Officials)Plain descriptionThis bond guarantees that elected or appointed county and city officials (such as mayors, treasurers, clerks, and sheriffs) will faithfully perform their duties and handle public funds ethically. It protects taxpayers a…Who needs this bondElected or appointed county and city officials in Illinois who handle public funds, fiduciary duties, or financial matters, including mayors, city treasurers, city clerks, county treasurers, county clerks, sheriffs, and…
FAQ
Common questions.
What county and city officials in Illinois are required to have a public official bond?
Elected or appointed officials who handle public funds or have fiduciary responsibilities must obtain public official bonds, including mayors, city treasurers, city clerks, county treasurers, county clerks, sheriffs, and other municipal officers. The specific positions requiring bonds are set by state statute (65 ILCS 5/ for municipalities, 55 ILCS 5/ for counties, and 5 ILCS 260/ Official Bond Act) and local ordinances.
How is the bond amount determined for Illinois county and city official bonds?
Bond amounts are set by local statute and vary based on the official's position, level of responsibility, and the county or municipality's size. For example, a city treasurer in Staunton, IL requires a $50,000 bond, while a mayor in the same city requires $3,000. County boards and city councils establish these amounts in accordance with state statutes (65 ILCS 5/3.1-10-30 for cities). The bond amount must be set before the official assumes duties.
Where do Illinois officials file their public official bonds?
Public official bonds must be filed with the county clerk and approved by the county board (for county officials) or the appropriate city council (for city officials). Counties often publish lists of approved surety companies, and many provide their own official bond forms. The bond must be executed and filed before the official takes office, ensuring it's on record with the circuit clerk and county or municipal governing body.
