An employment agency in the State of Hawaii must be licensed and provide a Hawaii employment agency bond. The state agency regulating debt collection activity, the Department of Commerce and Consumer Affairs defines a “commercial employment agency” as any individual, partnership, corporation, or association engaged in the business of providing employment information, procuring employment for applicants, or procuring employees for placement with employers upon request, for a fee or other valuable thing. Every employment agency is required to hold an employment agency license and employ a currently licensed principal agent. Two licenses must be in force at all times, one for the agency and one for the principal agent. The Hawaii employment agency bond must be issued in the amount of $5,000 and guarantees that the licensee will comply with the provisions of Chapter 373, Hawaii Revised Statutes, and shall faithfully and truly refund all fees illegally or incorrectly obtained or collected from an applicant. Where the agency applicant has experience in the placement services industry and carries appropriate insurance, these surety bonds are freely written without any onerous credit requirements.
Hawaii surety bond leader, Surety One, Inc., is a specialist in the bonding needs of the financial services sector. We will issue these surety bonds for ALL applicants in every state that requires bonding of employment agencies. We also offer superlative fidelity bond coverages to protect against losses due to employee dishonesty. Visit SuretyOne.com, call (787) 333-0222 or (800) 373-2804, or email Underwriting@SuretyOne.com for a Hawaii employment agency bond application or information about any bond product.
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