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What is a NY – Employment Agency Bond?
Without the New York Employment Agency Bond, employment agencies are subject to legal consequences if they engage in fraudulent or illegal activity. The surety bond ensures faithful compliance with Article XI of the General Business Law and pays out damages suffered by any person as a result of fraud or deceitful behavior on behalf of an agency's principal.
Swiftbonds is a company that provides bonds to people in need of them.
We provide bonds for many different purposes, including Employment Agency Bond and more. If you're interested in a bond, we can help!
We want to make sure you get the best service possible when it comes to your bond needs. That's why we offer competitive rates and fast turnaround times on all our services. Give us a call today!
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What Does an Employment Agency Bond Protect Against?
The New York Employment Agency Bond ensures faithful compliance with the provisions, conditions and requirements of Article XI of the General Business Law. The bond also protects employees from any fraud or deceitful acts on behalf of their employers as long they are operating in this business.
Why is the Employment Agency 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. Here's a NY – Distributor of Motor Fuel or Diesel Motor Fuel (Individual or Partnership) Bond.
How does an Employment Agency Bond work?
Getting an Employment Agency 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. See a NY – Donated Food Processor Bond.
How much does an Employment Agency Bond cost?
Employment Agency 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 Employment Agency 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. Read a NY – Eminent Domain Performance Bond.
How to get your Employment Agency Bond?
Would you like to know the first step in getting your Employment Agency 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 New York – Mortgage Loan Originator – Entity Bond.