Georgia Employee Leasing Company Bond

A Georgia Employee Leasing Company Bond, also known as a Georgia PEO Surety Bond or Georgia Employee Leasing Company Statutory Bond, is a type of surety bond required by the Georgia Department of Labor for businesses operating as employee leasing companies (ELCs) or professional employer organizations (PEOs) in the state. The specific amount is determined by the Georgia Department of Labor based on your company’s size and financial history with a minimum bond amount of $10,000. The cost of the surety bond is usually between 1% and 3% of the bond amount, subject to a minimum premium and fees of $150. Surety1 will shop its many markets to procure the right price at the right terms.

How to Get a Georgia Employee Leasing Company Bond

At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:

1. Complete the easy to navigate and secure online application. ¹
2. Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
3. Sign some paperwork and pay the bond premium

Once these steps have been completed, the Georgia Employee Leasing Company Bond will be shipped to the bond applicant.
^{1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.} 

Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.

About Surety1.com
Contact Surety1

Who Needs a Georgia PEO Surety Bond

Any business operating as an Employee Leasing Company (ELC) or Professional Employer Organization (PEO) in Georgia must obtain and maintain a valid Georgia Employee Leasing Company Bond. This is a legal requirement established by the Georgia Department of Labor. Here’s a breakdown of who specifically needs this bond:

Businesses that qualify as ELCs or PEOs:

• They essentially act as an employer to a group of employees, providing them with benefits and administrative services.
• They then “lease” these employees to other businesses (client companies) who pay the ELC/PEO for the employee’s services.

Examples of businesses that might need this bond:

• Companies that offer payroll processing and HR services along with employee leasing.
• Staffing agencies that manage payroll and benefits for temporary or contract employees.
• PEOs that provide comprehensive HR services and employee benefits to client companies.

Exceptions: There are a few exceptions to the bonding requirement:

• Non-profit organizations: If they elect to reimburse unemployment insurance instead of contributing, they might need a different type of bond.
• Businesses with less than 50 leased employees: They might be exempt under certain conditions.

Always consult the Georgia Department of Labor for the most up-to-date information and to confirm if your specific business needs a bond.

Here are some resources that can help you learn more:

• Georgia Department of Labor – Surety Bonds: https://dol.georgia.gov/surety-bonds
• State of Georgia Department of Labor – Employee Leasing Company’s Statutory Surety Bond: https://dol.georgia.gov/document/publication/statutory-surety-bond-employee-leasing-companies-dol-13b/download

The information provided above is for general informational purposes only and does not constitute legal advice.  Do not rely solely on the information presented here as a substitute for professional legal counsel.