Along with the Labor Commissioner’s application, a Nevada employment agency bond is statutorily required before a license will be granted. Nevada law defines an “employment agency” as any person who, for a fee, commission or charge: (a) provides information to a person seeking employment enabling the person seeking employment to secure employment; (b) provides information to a person seeking employees enabling the person seeking employees to obtain employees; or, (c) maintains records of persons seeking employment or employees (NRS 611.020). The Nevada employment agency bond must be approved by the Labor Commissioner and written in the amount of $1,000 by a surety company authorized to do business in the state. The surety bond must run to the people of the State of Nevada and will guarantee that the employment agency will comply with the provisions of NRS 611.020 to 611.320, inclusive. The Nevada employment agency bond must also guarantee that the agency will pay all damages occasioned to any person by reason of any misstatement, misrepresentation, fraud or deceit, or any unlawful act or omission of the agency made in the business conducted under the license, or caused by any other violation of law in carrying on an employment agency business. The surety bond must be conditioned so that the suspension, revocation, surrender or expiration of the agency’s license will not affect the coverage of the Nevada employment agency bond as to a claim arising out of acts that occurred before the date of the suspension, revocation, surrender or expiration. A notice of thirty days must be given to the Labor Commissioner before cancellation of the bond is effective. If at anytime the surety cancels or non-renews the agency’s surety bond, or the Labor Commissioner disapproves of a surety, then the Commissioner will give notice to the employment agency that a new bond must be secured. In such cases the agency has ten days to provide a new Nevada employment agency bond. Failure to do so will result in revocation of the agency license. National surety leader, Surety One, Inc., is the ‘No. 1′ writer of surety bonds for the financial services sector. We offer private employment agency bonds to ALL applicants in every state that requires them. We also offer superlative third party fidelity bond coverages designed for employment agencies to ensure against employee dishonesty. Visit us at SuretyOne.com, call (787) 333-0222 or (800) 373-2804, or email Underwriting@SuretyOne.com for a Nevada employment agency bond application or for information about any surety or fidelity bond product.
