The American Federation of Television and Radio Artist (AFTRA) requires a talent agency bond to help ensure that your company will comply with the Screen Actors Guild Agency Regulations rules, as well as the laws and regulations put forth by your state.
What is the Purpose of the Talent Agency Bond?
The bond is to protect your clients from any harm or wrongdoing by your company. If they feel you have wronged them in a financial matter they can file a claim with your surety company. The claim will be researched and if the surety company pays out, you must pay them back.