Employment agencies operating in the Commonwealth must be licensed by the state. According to state law, licensing is required even if an employment agency does not maintain a physical office in Massachusetts.
In addition to licensing, employment agencies must furnish evidence of filing a surety bond.
AmeriPro Surety Bonds offers this bond for applicants who require a first time or must renew their application.
The Massachusetts employment agency bond is a $3000 surety bond required of agencies operating in the state, whether or not they maintain an office within Commonwealth borders.
The employment agency bond is an “instant issue” surety bond.
This means that after completing a surety bond application, and paying the fee, the bond’s price is just $100 for the year. There is no credit check involved in determining the bond’s price.
Additionally, our agency offers you the ability to prepay this bond for 2 or 3 years, thereby offering you a savings over an annual renewal of this surety bond.
The purpose of the Massachusetts employment agency bond is spelled out in Section 46F of Commonwealth legislation for employment agencies.
The surety bond protects your customers or clients from acts of fraud, theft, or misrepresentation committed in the course of your profession as an employment agency, and which in turn causes harm to your customers.
Such protections against wrongdoing also extend to wrongful acts committed by any agents, managers, or employees of your employment agency.
In no case, however, will your liability under the surety extend beyond the amount of surety required; in this case, namely, $3000 surety bond.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit surety bonds throughout Massachusetts and New England.
We also provide surety bonds nationwide.
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