Massachusetts Employment Agency Bond Overview
- Purpose: To protect companies and job-seekers from harm
- Who Needs It: All licensed employment agencies in Massachusetts
- Regulating Body: The Massachusetts Executive Office of Labor and Workforce Development
- Bond Amount: $3,000
- Premium Price: $100 for one year
What Is a Massachusetts Employment Agency Bond?
A Massachusetts employment agency bond protects companies and job-seekers from harm if an agent is fraudulent or breaks employment laws.
The Office of Labor and Workforce Development requires this bond as part of the licensing process for employment agencies in the Commonwealth of Massachusetts.
Who Needs an Employment Agency Bond?
In Massachusetts, an employment agency is generally defined as any entity that procures permanent or temporary help or places domestic employees with businesses for a fee.
Check with the state if you need to be fully licensed or just registered with the state based on your business type.
How Much Do Employment Agency Bonds Cost in Massachusetts?
Massachusetts employment agency bonds cost $100 for one year of coverage. Buy your bond online in minutes. You can also select a multi-year term to save 25% on the next year’s premium.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does the Bond Work?
By purchasing a Massachusetts employment agency bond, you enter a legal contract between three parties.
| Bond Party | Description |
|---|---|
| 1) Principal | The employment agency owner(s) filing the bond |
| 2) Obligee | The Massachusetts Executive Office of Labor and Workforce Development |
| 3) Surety | The issuing surety provider |
The purpose of employment agency bonds is to guarantee the principal will fulfill its license obligations and protect clients.
If an agency breaks the bond terms, the surety reimburses harmed parties for financial damages up to the bond amount and the principal must repay the surety.
How Do I Get My Bond?
With SuretyBonds.com, you can buy your bond instantly online. Just enter your information and checkout in minutes.
You’ll get an email with the official bond form. Remember to file this with the obligee as instructed.
How Do I Renew My Bond?
Massachusetts employment agency bonds expire annually. A SuretyBonds.com representative will contact you during the renewal period to prepare a new bond and maintain your coverage for another term.
How to Get an Employment Agency License in Massachusetts
To get an employment agency license or registration, apply through the Massachusetts Department of Labor Standards (DLS).
- Create an account on ePLACE site.
- Submit an initial license application. Pay the associated fees based on the type and size of your agency.
- Upload your surety bond and other supporting documents for review.
