If you are engaged in the operation of an Employment Agency in Minnesota you are required under Section 184.30 Subdivision 1 of the 2013 Minnesota Statutes to file a Minnesota Employment Agencies Search Firm Bond 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 Minnesota Employment Agencies Search Firm Bond holds you accountable for your business decisions.
By possessing a Minnesota Employment Agencies Search Firm Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.