Employment agency bond cost
The California Secretary of State requires employment counseling services in the state to post $10,000 surety bonds. These bonds are subject to underwriting consideration, but qualified applicants could pay as low as $100 for their bonds. Find out exactly how much you’ll pay by requesting your free bond quote now!
The Secretary of State also requires employment agencies to post $3,000 surety bonds. Surety Bonds issues these 2-year bonds for just $175. No credit check is required, so everyone qualifies instantly.
Why this bond
California employment agency and employment counseling service surety bonds ensure that principals (employment agencies and employment counseling service providers) conduct business in accordance with the provisions of Title 2.91, Part 4 of Division 3 of the Civil Code of the State of California. If the principal fails to comply with these terms and an individual or group of individuals suffers financial loss as a result, the surety covers any damages up to the full penal sum of the bond.
The principal must reimburse the surety for all damages paid out. These bonds remain continuous and in full force and effect. The surety can cancel the bond in accordance with the provisions of Sections 996.310 of the Code of Civil Procedure.
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