Private personnel companies operating in North Carolina are regulated by the Wage & Hour Bureau, which is part of the state’s Department of Labor.
As a condition of licensing, private personnel companies must furnish the state with evidence of a $10,000 surety bond available through AmeriPro Surety Bonds.
This $10,000 surety bond’s price will be determined by a simple surety bond application, and importantly, your credit score.
Typically, the annual premium may be somewhere between 2-5% of the bond’s amount; however, we emphasize that the amount required may vary somewhat based on your credit profile.
AmeriPro Surety Bonds will work to find you the best surety bond pricing for this bond.
Once issued, the bond is active for a period of one year from the date of issuance. To remain in compliance with the North Carolina Department of Labor, a currently active surety bond must always remain on file.
Only the original surety bond will be accepted for filing, not a copy.
The North Carolina private personnel bond is a financial guarantee which ensures that any refunds which are due to customers will in fact be paid if a licensed private personnel company ceases to operate in North Carolina.
The relevant regulation for this can be read under Article 5A, Chapter 95 of the General Statutes of North Carolina.
As such, while the surety bond is required of you and your company, its benefit and protections offered are solely for your customers, the people of the state of North Carolina.
AmeriPro Surety Bonds is a surety bonds-only agency. In addition to your North Carolina private personnel service bond, we also provide other license and permit, contractor, court, and fiduciary bonds throughout North Carolina.
Our agency also provides surety bonds nationwide.
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