Arizona Professional Employer Organizations are required under ARS 23-568 of the laws of State of Arizona to file an Arizona Professional Employer Organization Bond in the amount of $100,000 as a condition of licensure.
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 Arizona Professional Employer Organization Bond holds you accountable for your business decisions.
By possessing an Arizona Professional Employer Organization Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.