If you are engaged in the operation of an employment agency Oregon you are required under sections 658.005 to 658.245 of the Oregon Revised Statutes to file an Oregon Employment Agency 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 Oregon Employment Agency Bond holds you accountable for your business decisions.
By possessing an Oregon Employment Agency Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.