The Texas Personnel Employment Service Bond is required by the Texas Department of Licensing and Regulation.
Th Department of Licensing and Regulation requires that this surety bond be in the amount of $5,000 for a one year term for all personnel employment services. The cost of the Texas Personnel Employment Service Bond to you will not be that much, though. The cost of this bond with Surety1 starts at $100 for the year.
The Texas Personnel Employment Service Bond is necessary in order to be granted a license by the state to do business. This bond states that the bond holder will not violate any duties, terms, conditions, provisions, or requirements of the Texas Personnel Employment Services Act.
The Texas Personnel Employment Service Bond is not Insurance or a License
Surety bonds are a form of consumer protection, they do not act as insurance or a license. The Texas Personnel Employment Service Bond is a type of license bond, meaning it is necessary for license eligibility. This bond does not provide protection to your company— it provides protection to the obligee, the person or entity that requires the bond, and the public. If you, as the personnel employment service, financially harm or deceit the public in any way, a claim may be placed upon the bond.