New York Employment Agency Bond is required by the Industrial Commissioner of the State of New York. The bond states that the bondholder will comply with Article 11, Chapter 25, of the Laws of 1909, entitled “An Act relating to General Business, constituting Chapter 20 of the Consolidated Laws.” Applicants that are in the business of recruitment of domestic or household employees from outside the US or conduct modeling/theatrical agency must submit a %10,000 surety bond. All other agencies must submit a $5,000 bond.
An employment agency is any entity that charges a fee for the placement of a candidate in employment with a third-party employer. But if you are a temporary employment agency, a theatrical personal manager or certain executive search firm and employer-paid agencies, you do not need a license.
The requirements that need to be submitted are as follows;
Complete our easy to navigate online application. Within one business day, one of our licensed agents will contact you with a no-obligation quote for your bond (the “premium”). Once any necessary paperwork is signed and the premium payment is processed, your surety bond will be shipped to you via USPS Priority Mail (overnight shipping options also available).
The surety bond experts at Surety1 are here to help you get bonded quickly and reliably. We work with over a dozen “A” rated surety markets to ensure we find you the lowest rate for your bond. We are also licensed in all 50 states and maintain an A+ rating by the Better Business Bureau.