Arizona Employment Agency Bond | AmeriPro Surety Bonds | 844-589-9732
Arizona Employment Agencies
Arizona employment agencies serve as a mid-point between those who seek qualified candidates for employment, and potential employees who seek job opportunities which may not otherwise be available through other venues.
Employment agencies, besides presenting job opportunities, may also serve as a way to gain valuable job experience.
Many thousands of persons have begun work at as a “temp” through an employment agency who were later hired by the same company and went on to have a fruitful career.
Arizona Employment Agencies: Jurisdiction
Arizona employment agencies come under the jurisdiction of the Industrial Commission of Arizona.
To be a lawful Arizona employment agency, a business must also be licensed by the Commission.
Arizona Employment Agencies Licensing:
Licensing fees for Arizona employment agencies are pretty straightforward. They are as follows:
* Arizona employment agencies with less than 3 agents, pay $100;
* Arizona employment agencies with between 3 and 8 agents, pay $200;
* Arizona employment agencies with more than 8 agents pay $300.
These fees renew annually.
Besides these fees, there is a $5,000 surety bond required.
Arizona Employment Agency Bond
The $5,000 surety bond required is both a low-cost surety bond with easy to meet qualifications.
The bond guarantees that the licensed Arizona employment agency will comply with all laws against fraud, theft, negligence, and willful malfeasance in the performance of their duties.
The bond is issued for one year, but can — and should be purchased and prepaid for up to 3 years. The difference in the amount paid between 1 year and 3 years is about $25, in most cases.
Three Sides of An Arizona Employment Agency Bond:
Like all surety bonds, an Arizona employment agency bond has three sides (or three parties):
* There is the principal, who is defined as the entity purchasing the surety bond and who will be financially responsible should any claims be paid on this surety bond;
*There is the obligee, which is the entity requiring the surety bond. In this case, the Industrial Commission of Arizona is the obligee.
*There is the surety, which is AmeriPro Surety Bonds. This is the agency providing the surety bond purchased by the principal as required by the obligee, and on whose behalf it is filed.
Cost of an Arizona Employment Agency Bond
Applicants for this surety bond should pay no more than about $150 for this bond in the vast majority of cases.
AmeriPro Surety Bonds:
We also provide surety bonds in all 50 states.