PEOs in Alabama are regulated under Alabama Code, Chapter 14. Registration and supervision are regulated by the state Department of Industrial Relations. Registration is simple and can be accomplished online at labor.alabama.gov/wc/peo/default.aspx. The state code states that the Director shall determine the financial requirements for a registrant or renewal of registration. The Director may require an Alabama professional employer organization bond to guarantee the payment of all unemployment taxes and workers' compensation claims payments due to or with respect to covered employees. In lieu of a surety bond the director may accept net worth based upon audited financial statements for the financial requirements. The financial requirements may not exceed one hundred thousand dollars ($100,000). The submission address for surety bonds and hardcopy application materials is as follows:
Alabama Department of Labor
Professional Employer Organization Surety Bond
649 Monroe Street
Montgomery, AL 36131
Alabama surety bond leader, Surety One, Inc. offers immediate approval of your PEO surety bond request. Our special programs afford each applicant bonding capacity regardless of credit and/or financial condition. Operating in multiple states? No problem! We offer surety bonds in all states and offer fidelity bond coverages for this class of business as well. Visit us at SuretyOne.com, call (787) 333-0222 or (800) 373-2804, or email us at Underwriting@SuretyOne.com for an Alabama professional employer organization surety bond application or for information on any surety need.