The California Employment Counseling Surety Bond is required by the California Secretary of State.
Every employment counseling service must have a California Employment Counseling Surety Bond on file that has been issued by a surety company that is certified to do business in the State of California. This bond is required to be $10,000. The bond helps ensure that all sums due to any individual or group of individuals that work for the employment counseling firm are paid. A copy of this bond must be on file with the Secretary of State. The bond needs to be in favor, and for, the people of the State of California.
The bond will benefit any person damaged by the violation of this surety bond or by:
If there is a claim placed on your bond and you are found at fault, the surety company will pay out. However, unlike insurance, you will have to pay the surety company back.