New Jersey career consultants are also known as outplacement organizations. The New Jersey Division of Consumer Affairs regulates this organization and mandates the surety bond requirement.
AmeriPro Surety Bonds provides this bond as both a new and renewal surety bond.
The New Jersey career consultant bond is a $10,000 surety bond required as stated in Subchapter 10 13:45B-10.1.
The bond, once issued, is active for one year from the date of issuance. It must be renewed thereafter. An active surety bond is required as a continued condition of licensing.
The cost of your $10,000 New Jersey career consultant bond is likely to be about $100 annually.
A short surety bond application, and a credit score check may be required to determine the pricing for this bond.
In any case, the $10,000 surety bond is a relative low amount, and an option may exist to have the bond prepaid for a number of years. Otherwise, again, it will renew annually.
While the New Jersey career consultant bond is required by the Division of Consumer Affairs as a condition of licensing, its benefit is for the Division and the people of New Jersey.
The bond protects against any violations of rules and laws concerning career consulting and protects against acts of malfeasance and wrongful behavior.
Such protections afforded by the bond will also extend to wrongful acts committed by any employees, agents, and managers of your career consulting business.
As owner of this surety bond, you are its principal. You are legally obliged to reimburse the surety for any costs and fees paid on any claims against your bond, if such were ever the case.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, contractor, court, and fiduciary bonds throughout New Jersey.
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