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How much does an employment agency bond cost in New Jersey?
The Director of the New Jersey Division of Consumer Affairs requires all booking agencies, career consultants, career counseling services, employment agencies, job listing firms and prepaid computer matching services to be bonded in the amount ranging from $10,000 to $100,000. These bonds can be required for other service agencies, such as nurse registries.
$10,000 employment agency bonds are issued instantly for just $100 to all applicants. Bonds over $10,000 are subject to underwriting consideration, where a review of the applicant's credit and financials will determine if and at what premium a bond can be issued.
Our team of bond specialists works hard to get all of our applicants bonded for the lowest rates available. Call 1 (800) 308-4358 or fill out an online bond request to get started!
Why do I need this bond?
New Jersey employment agency bonds ensure that individuals or businesses that conduct business as a booking agency, career counseling service, career consulting or outplacement firm, job listing firm, employment agency or prepaid computer matching service will faithfully fulfill all obligations stated in their contracts and truthfully perform all requested services. Additionally, this bond ensures that entities harmed if the bonded business files for bankruptcy or fails to adhere to the terms of the surety contract are protected from financial loss.
Our bond specialists can answer all of your employment agency bond questions. Give us a call at 1 (800) 308-4358, or submit a bond request and one of our surety experts will provide you with a free, personalized bond quote within 1 business day of submitting an application.
What’s the fine print?
Employment agency bonds are required by the Director of the Division of Consumer Affairs. This specific bond will remain in effect unless canceled. If the surety chooses to cancel the bond, 60 days’ written notice must be mailed to the Chief of the Bureau of Employment and Personnel Services.
How to become an employment agency in New Jersey
Prior to conducting business as an employment agency, all applicants must obtain the appropriate license. License applications must be sent to the Director of the Division of Consumer Affairs. Applications must include:
- 2 affidavits that prove an applicant’s good moral character
- The required licensing fee
- A disclosure statement (only if the applicant is a corporation)