New Jersey Private Vocational Schools Bond

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The New Jersey Private Vocational Schools Bond is a type of surety bond required by the New Jersey Department of Labor and Workforce Development (DLWD) , in the amount of $20,000. The bond states that the bondholder shall fully and faithfully observe the express provisions of all contractors with its students and the rules and regulations of the Department of Education, State of New Jersey. All private vocational schools in the state that charge tuition or receive public funding to prepare students for further education or the workforce are required to have this surety bond. 

How to get a New Jersey Private Vocational Schools 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 New Jersey Private Vocational Schools Bond will be shipped to the bond applicant. 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 to$250. Surety1 will shop its many markets to procure the right price at the right terms.
^{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.

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Requirements to establish a New Jersey Private Vocational School

Please refer to the list below for a list of all the requirements you need to meet and the documents that must be submitted:

• Administrative requirements for PCS Approval Checklist
• Completed Application Form
• Signed and notarized Statement of Assurances
• Application fee of $1,150
• Bank statement or voided check in PCS name
• Organizational chart
• Certificate of Authority
• Business Registration Certificate
• Financial reports, if applicable
• Current Professional Liability Insurance and Worker’s Compensation Certificate of Insurance
• Certificate of Occupancy
• Current Certificate of Fire Inspection
• Current Certificate of Health Inspection
• Building Lease
• Sketch of floor plan
• School Catalog
• Student Enrollment Agreement
• Proof of Other Agency Approvals, if applicable
• Sample of proposed advertising/ marketing materials
• Literacy, ESL, HSE and Remedial Curriculum Approval Checklist, if applicable
• Surety bond in the amount of $20,000