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What is a GA – Employee Leasing Company Bond?
In a number of states across the U.S., employee leasing companies, also known as professional employer organizations (PEOs), have to provide surety bonds prior to starting their legal operations. A PEO's primary goal is ensuring that they adhere to all state laws and standards in order for them to legally operate within any given area.
Do you need a bond for your business?
A bond is a type of insurance that guarantees the performance of an agreement or contract. It's also known as suretyship, which means to provide security on behalf of another person. Swiftbonds provides bonds in all 50 states and Washington D.C., so we can help with any project you're working on!
We offer many types of bonds including construction, public work, contractor’s license and permit, liquor license, gaming license, and more! Our customer service team is here to answer any questions you may have about our products or services. Contact us today for more information!
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Why is the Employee Leasing Company Bond required?
Businesses must purchase a bond to activate their license or permit. This guarantees that if the business fails to comply with licensing and permit laws, they will be compensated by the surety company for any damages incurred due this negligence. See a GA – Environmental Drillers or Contractors – $10,000 Bond.
How does an Employee Leasing Company Bond work?
Getting an Employee Leasing Company Bond means you agree with the entity requiring it, called the obligee. Your surety company agrees to cover for you in case your clients or public make claims against their contract and need payment from your bond. If there’s ever any problems on either side of this agreement, only then will we get involved so that both parties can be satisfied. Read a GA – Employer's Reimbursement in Lieu of Contributions Bond.
How much does an Employee Leasing Company Bond cost?
Employee Leasing Company Bond is a type of surety bond that varies in cost and depends on the credit score of the applicant. Sometimes, personal or business financials may be required depending on what surety amount is needed for bonding purposes.
Can I get an Employee Leasing Company Bond with bad credit?
Swiftbonds offers a wide-range of approvals, regardless of credit history or bad credit. One key factor in our success is that we are able to work with 99% of applicants who have been turned down elsewhere due to their poor financial standing. Our knowledgeable underwriting staff will make sure you get the lowest possible price for your bond no matter what personal circumstances may be preventing you from getting approved for other companies' bonds. Get a GA – Dougherty County – Sewage Installation or Repair Bond.
How to get your Employee Leasing Company Bond?
Would you like to know the first step in getting your Employee Leasing Company Bond? It's super easy! Fill out our quick online application and get a no obligation quote today. Our Underwriters will contact you within an hour of submission, or come chat with them on the phone for help applying. Find a GA – Distilled Spirits- Resident Representative $10,000 Bond.