Many states require that an Employment Agency Bond be in place before an Employment Agency license can be issued. Depending upon your state, an Employment Agency Bond may be referred to as a Employer Service Bond, Employee Leasing Bond, a Professional Employer Services Bond or an Employee Counseling Service Bond.
Who Needs Employment Agency Bonds?
Employment agency bonds can be required of businesses that provide opportunities for employment seekers in return for a fee. Many states and localities ask for employment agencies to provide bonds in order to get an employment agency license from their local government (For example, their state or local Dept. of Consumer Affairs).
The employment agency bond works as an extra level of security for consumers. Employment agencies function as an arbitrator in matching job seekers with employers. The bond is there to guarantee that agencies will follow applicable laws and regulations.
Unlike insurance, Employment agency bonds protect the consumer and not your agency. They guarantee you will provide qualified services and will abide by applicable laws and regulations.
How to Get an Employment Agency Bond FAST!
Applying for an employment agency bond is rather simple. Just apply through our easy online forms and submit your bond application. We will contact you soon after with a quote on your bond. You may be asked to submit additional documentation which may be required for your specific situation.
Call our Bonds department at (800) 921-1008, if you have any questions about the application process. We’re always willing to help.
Finally, if you would like to chat with a live customer service representative to walk you through the process of applying and getting approved for an employment agency bond today, click the live chat button below or email our Bonds Manager at Bonds@BFBond.com