The Texas personnel employment bond is required under Chapter 2501 of the Texas Occupation Code.
As a prerequisite for state licensing, personnel employment companies are required to obtain a $5,000 Texas personnel employment bond.
The bond, once purchased, must be filed with the Department of Licensing and Regulation.
The purpose of the Texas personnel employment bond is a financial guarantee that personnel employment companies will comply with all laws regarding their business operations in the state.
More directly, this bond is designed as a financial protection from the wrongful, fraudulent, or otherwise criminal acts committed by a personnel employment company, its officers or employees, against consumers.
This surety bond, therefore, is not an insurance policy at all.
Rather, this bond serves as a financial guarantee which protects others from acts of malfeasance committed by a licensed Texas personnel employment company.
The bond, once issued, has a duration of one year.
The bond should be written to have effective dates that are concurrent with the personnel employment license.
We are able to provide postdated or backdated surety bonds; however, the premium amount is not prorated.
The cost, or premium, of a Texas personnel employment bond is likely to be only $100.00.
There may or may not be a credit check which may determine the cost of the bond for an individual.
However, even so, the bond is a low priced bond with more relaxed writing guidelines.
Obtaining the Texas personnel bond should take no more than an hour.
Once purchased, AmeriPro Surety Bonds can provide you a copy of the bond by email.
The original copy will be sent via mail the same or next business day.
AmeriPro Surety Bonds, in addition to the personnel bond, provides surety bonds throughout Texas.
Such bonds include license and permit, fiduciary, court, and contractor bonds.
We also facilitate the purchase of all types of surety bonds throughout the U.S.