The 7-Minute Rule for Surety Bonds
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Everything about North America Surety Bonds - WTW
Employers with more than 5 employees need to submit a Surety Bond of five thousand ($5,000) dollars. Employment Service Bond ($50,000/$100,000) All candidates for a Basic Business License for a Work Services Organization (Employment service) must post a $50,000 Work Company Surety Bond or a $100,000 Employment Firm Surety Bond for the period of the two-year license period.
If the average charge for a task candidate is less than $2,000 and the Employment Company company enters into agreements with fewer than 100 job hunters each year, a bond in the amount of fifty thousand ($50,000) dollars shall be filed. Work Therapy Service Bond ($50,000/$100,000) All candidates for a Basic Business License for an Employment Provider Company (Work Counseling Service) must publish an Employment Counseling Service Surety Bond throughout of the two-year license duration.
If the typical cost for a job candidate is less than $2,000 and the Employment Therapy company enters into contracts with less than 100 task candidates each year, a bond in the quantity of fifty thousand ($50,000) dollars shall be submitted. Spa Sales Bond ($25,000/$50,000) All candidates for a Basic Business License for a Controlled Company (Spa Sales) must post a Health Day Spa Surety Bond in the amount of twenty-five thousand ($25,000) dollars throughout of the two-year license duration for yearly subscription sales of approximately one hundred thousand dollars ($100,000).
The Surety Bond might be issued by an authorized insurance carrier, or the candidate might publish a cash bond with the Department of Consumer and Regulatory Affairs. Learn More Here ($25,000) All candidates for a Basic Business License for a Regulated Business (Home Enhancement Specialist) need to publish a Home Improvement Surety Bond in the quantity of twenty-five thousand ($25,000) dollars throughout of the two-year license duration.
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Motor Automobile Dealer Bond ($25,000) All candidates for a Basic Company License for a Controlled Company (Automobile Dealership) need to post a in the amount of twenty-five thousand ($25,000) dollars for the duration of the two-year license duration. The Surety Bond might be issued by an authorized insurance carrier, or the applicant might publish a cash bond with the Department of Customer and Regulatory Affairs.
