How much does an employment agency bond cost in Massachusetts?
Employment agency bonds are required by the Massachusetts Executive Office of Labor and Workforce Development in the amount of $3,000.
SuretyBonds.com issues these bonds instantly for just $100. Simply click Buy Now to purchase your bond online using our secure bond checkout. In just a few minutes you can be on your way to getting bonded as an employment agency in Massachusetts.
|Bond Type||Bond Amount||Cost|
|$3,000 Employment Agency Bond||$3,000||$100|
Why do I need this bond?
By posting a Massachusetts employment agency bond, agencies guarantee their compliance with the rules, laws, and regulations stated in the Massachusetts General Laws.
If an employment agency fails to comply with these terms, the surety will pay harmed parties for damages and losses up to the penal sum of the bond. The agency, in turn, must reimburse the surety for all damages paid out.
What’s the fine print?
Massachusetts employment agency bonds expire at the same time the agency’s license is surrendered, terminated through non-renewal or revoked by the Department of Labor Standards. If the surety chooses to cancel this bond prior to expiration, written notice must be given to the agency and the Massachusetts Department of Labor Standards via registered mail 60 days prior to the proposed expiration date.
Ready to get started?
The Commonwealth of Massachusetts Executive Office of Labor and Workforce Development Department of Labor Standards Application for Employment Agency and Placement Agency Registration and Determination of Applicability of the Temporary Workers Right to Know Law