The Ohio Professional Employer Organization Bond is required by the State of Ohio, Bureau of Workers Compensation. The bond ensures that the holder will pay the premiums of its client’s employers under Ohio Revised Code 4125.01 to 4125.99 and administrative rules. The bond also guarantees that the holder will pay the semi-annual workers’ compensation premiums on a timely and accurate basis, according to the terms, provisions, and limitations of the said law (and its amendments and supplements), the adopted administrative regulations, and the written agreements with the client employers. The amount of security required depends on each applicant. It equates to the most recent 12 months (two most recently Paid premium periods) of premiums paid by the PEO.
In order to find out the cost of the Ohio Professional Employer Organization Bond, all we need is the completed application. Surety1 has access to the best surety markets available so we will be able to get you bonded quickly at the best possible price!
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.