Cost: varies, click below to choose
If you are engaged in the operation of an Employment Agency in New York State, you are required by the Division of Labor Standards to execute a New York Employment Agency Surety Bond in the amount of $5,000 to ensure compliance with Section 177 of the Employment Agency Law. A bond amount of $10,000 is needed if dealing with domestic employees.
Bonds Express offers a New York Employment Agency Surety Bond with a 100% approval rate. This bond expires every even year on May 1st.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The New York Employment Agency Surety Bond Surety Bond holds you accountable for your business decisions.
By possessing a New York Employment Agency Surety Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.