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Employee agency bond cost

Employment agency bonds are required by the Massachusetts Executive Office of Labor and Workforce Development in the amount of $3,000.

 

Why this bond

By posting a Massachusetts employment agency bond, agencies guarantee their compliance with the rules, laws and regulations stated in the Massachusetts General Laws. Prohibited acts under this chapter include:

  • using any false or misleading advertising or information
  • sending any person to an employer knowing they break labor laws
  • using force to bring people into the agency
  • sending any employee to an employer knowing there is a present strike
  • and more

If an employment agency fails to comply with these terms, the surety will pay harmed parties for damages and losses up to the penal sum of the bond. The agency, in turn, must reimburse the surety for all damages paid out.

Massachusetts employment agency bonds expire at the same time the agency’s license is surrendered, terminated through non-renewal or revoked by the Department of Labor Standards. If the surety chooses to cancel this bond prior to expiration, written notice must be given to the agency and the Massachusetts Department of Labor Standards via registered mail 60 days prior to the proposed expiration date.

 

Apply for your surety bond

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