Georgia Employee Leasing Company Bond Overview
- Purpose: To provide financial security and operational certainty for PEO clients
- Who Needs It: Professional employer organization (PEO) or employee leasing company owners in Georgia
- Regulating Body: The Georgia Department of Labor
- Bond Amount: $10,000 for new licensees
- Premium Price: $100 for $10,000 coverage, 1–10% for higher coverage amounts
What Is a Georgia Employee Leasing Company Bond?
A Georgia employee leasing company bond, also known as a professional employer organization (PEO) bond, holds PEOs liable for the following:
- Meeting state regulations and licensing requirements
- Handling worker’s compensation policies properly
- Managing payroll services responsibly
- Fulfilling employer contracts
Who Needs an Employee Leasing Company Bond?
In Georgia, an employee leasing company is defined as any business entity which provides leased employees to other employers. This includes:
- Negotiating work contracts
- Determining pay rates
- Paying wages and benefits
- Hiring and terminating employees
Temporary help firms are defined separately and are exempt from the bond requirement.
What Are the Bond Coverage Requirements?
Georgia PEOs need a minimum $10,000 bond. For established companies, the bond must cover financial liability for one year plus the remainder of the calendar year. Confirm your bond requirement with the Department of Labor.
How Much Do Employee Leasing Company Bonds Cost in Georgia?
The base $10,000 Georgia employee leasing company bond costs a flat rate of $100.
If you need a larger bond amount, you’ll need to apply for a personalized quote. Rates are typically 1–10% of the total bond amount based on a soft credit preview. Buy or apply for your bond now.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a Georgia Employee Leasing Company Bond Work?
These surety bonds provide financial security and reinforce operational certainty for clients of Georgia PEOs.
If the leasing company breaks the bond terms, clients or other harmed parties can file a claim. The surety provider will reimburse the harmed party up to the full bond value. Then, you must reimburse the surety in full.
How Do I Get an Employee Leasing Company Bond in Georgia?
SuretyBonds.com provides the fastest and easiest way to get an employee leasing company bond. Just follow these quick steps:
- Apply: Submit an online quote request form.
- Quote: Receive your quote within one day.
- Sign: Complete the indemnity agreement and any e-signatures required.
- Buy: Purchase the bond online 24/7.
We’ll mail you the bond via your preferred shipping method. Be sure to file the bond with the Department of Labor as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Do I Renew My PEO Bond?
Georgia PEO bonds expire annually. Pay your renewal invoice when prompted. This will extend your policy for an additional year.
After you pay the renewal invoice, we’ll send you a continuation certificate. This document is proof that you still have active bond coverage. File it with the state as instructed.
Can I Make Changes to My Bond?
If information like your bond amount or the company name needs changed on your form, contact your surety provider. Only the issuing surety company can update the bond form.
