New Jersey Employment Agency Bond
AmeriPro Surety Bonds | 844-589-9732
Employment Agencies – New Jersey
Employment agencies are regulated and licensed by the New Jersey Division of Consumer Affairs.
As a condition of licensing, an employment agency must furnish the division with evidence of a surety bond.
AmeriPro Surety Bonds provides the employment agency bond as both a new and renewal surety bond.
New Jersey Employment Agency Bond: Amount Required and this Bond’s Premium
The New Jersey employment agency bond is a $10,000 surety bond required before a license to operate will be issued.
This surety bond’s price will be determined by a quick surety bond application and likely a credit check.
Applicants for this bond will pay an estimated total of about $100 annually; however, information provided in the application may cause that amount to adjust.
Duration of this Surety Bond
Once issued, the New Jersey employment agency surety bond is active for one year from the date of issuance.
A current and active surety bond must remain on file as a condition of continued licensing with New Jersey.
The Purpose of this Bond
The purpose of the New Jersey employment agency bond is to serve as a financial guarantee which ensures your company’s compliance with all regulations governing employment agencies.
According to 13:45B-2.3, the bond protects the public — the people of the state of New Jersey — from acts of fraud, misrepresentation, and criminal wrongdoing and malfeasance.
Such protections offered to the public also extend to any wrongful acts committed by agents, employees and managers of a licensed employment agency.
As principal of this bond, you bear the responsibility for any claims paid against your bond, were that ever the case. In no case, however, will the surety pay more than the amount of bond required, $10,000 aggregate, for any claims.
AmeriPro Surety Bonds is a surety bonds-only agency.
We provide license and permit, contractor, court and fiduciary surety bonds throughout New Jersey.
Our agency also provides surety bonds nationwide.
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