The New York Wage Payment Bond is a requirement of New York’s Division of Licensing Services. This bond will provide protection to nail salon workers who may not be paid legal wages by unscrupulous business owners.
As of October 6 2015, New York nail salons must have a Wage Payment bond or face enhanced fines and penalties. The required bond amount is based on the number of nail practitioners employed at Appearance Enhancement Businesses and their total combined hours .
The New York Payment Bond requirements for Nail Specialty Services are as follows:
New York has created a calculator to assist businesses in determining if they are required to have a bond and for the amount required.
With Surety1, you not only get the New York Wage Payment Bond at the best rate possible, you also get it FAST. We are proud to say that through our partnership with several A-rated surety companies, we are able to offer the lowest rates in the market today.
The first step is to complete our easy to navigate, free online application form Next you will be contacted by one of our licensed agents with a no-obligation quote on the bond premium. Finally, when you’re ready to proceed, pay the premium, sign the necessary paperwork and we will send you the bond right away. We use USPS Priority Mail or we can overnight the bond to you, for an additional fee.
Surety1 founded in 2003, licensed in all 50 states. We continue to maintain an A+ rating from the Better Business Bureau.
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