Employment Agency Bond

employment-agency

What is an Employment Agency Bond?

Any person or business that charges a fee to find a job is required to provide an Employment Agency Bond by statute. Employment agencies must post surety bonds to legally conduct business. The surety bond guarantees that the agency will meet state licensing, compliance and financial requirements. The surety bond is a form of insurance that the agency purchases to guarantee to their clients their financial stability and legal compliance

States that require Employment Agency Bonds

  • Arizona Employment Agency Bond
  • Arkansas Employment Agency Surety Bond
  • California Employment Agency Surety Bond – $3,000
  • California Employment Counseling Service Bond – $10,000
  • California Prepaid Computer Employment Agency and Job Listing Services Bond
  • Connecticut Employment Agency Surety Bond – $7,500
  • Delaware Employment Agency Bond
  • Employment Agency Bond
  • Florida (City of Miami Beach) Employment Agency Bond
  • Hawaii Commercial Employment Agencies Bond
  • Hawaii Employment Agency Bond
  • Illinois Employment Agency Bond
  • Illinois Private Employment Agency Bond – $5,000
  • Indiana Employment Agency License Bond – $1,000 (2 years)
  • Iowa Employment Agency Bond
  • Kentucky Employment Agency Bond
  • Maryland Employment Agency Bond
  • Massachusetts Employment Agency Surety Bond – $3,000
  • Minnesota Employment Agencies Search Firm Bond
  • Nebraska Employment Agency Bond
  • Nevada Employment Agency Bond
  • New Jersey Employment Agency Surety Bond – $10,000
  • New York City Employment Agency Bond – $5,000
  • New York City Recruitment of Foreign or Domestic Household Employees Agency Bond – $10,000
  • New York City Theatrical Employment Agency Bond – $10,000
  • New York Employment Agency Surety Bond – $5,000
  • North Dakota Employment Agency Bond
  • Oklahoma (City of Oklahoma City) Employment Agencies Bond
  • Oklahoma Employment Agency Bond
  • Oklahoma Private Employment Agency Bond
  • Oregon Employment Agency Bond
  • Oregon Private Employment Agency Bond
  • Rhode Island Employment Agency Bond
  • South Carolina Employment Agency Bond – $3,000
  • Texas Employment Agency Bond
  • Texas Personnel Employment Service Bond – $5,000
  • Virginia Employment Agency Bond
  • Washington DC Employment Agency Bond
  • Washington Employment Agency Bond – $2,000
  • Wisconsin Employment Agent’s Bond
  • Wyoming Employment Agency Bond

These bonds are used to comply with the rules of the states, such as:

  • Control the use of any false or misleading advertising or business operational information
  • directing any candidate to an employer knowing they are breaking any labor laws
  • Forcing people into working on behalf of or for the agency
  • Suppling an employee to a company knowing there is a current strike in place
  • If an employment agency fails to comply with these terms or ones set forth in their state, the surety bonding company will pay parties for damages and losses up to the penal sum of the bond. If this occurs, “The agency”, must Indemnify (reimburse) the surety for all damages paid out including legal fees

 

 An Employment Agency Frequently Asked Question

 Does an employment agency have to be licensed?

Yes.  Any person or business who operates as an employment agency. The law requires all employment agencies to be licensed by the State Commissioner of Labor. Contact us for more information about Employment Agency bonds and other Surety Bonds.

Jose Ward | Bond Underwriter T: 212 566-1881 ext.110 jward@bfbond.com www.bfbond.com
Jose Ward | Bond Underwriter
T: 800-921-1008 ext.110
jward@bfbond.com
www.bfbond.com