New York requires any person or business who operates as an employment agency to provide a New York employment agency bond to the New York State Department of Labor. The bond must be in the amount of $5,000 EXCEPT for agencies engaged in either modeling or placing foreign workers in domestic positions, in which case a $10,000 employment agency surety bond is required. The conditions of the bond are that the principal will comply with the provisions, conditions and requirements of Article XI of the General Business Law of the State of New York relating to employment agencies, and shall pay all damages occasioned to any person by reason of any misstatement, misrepresentation, fraud or deceit, or any unlawful act or omission. Surety One, Inc., will issue these for experienced applicants regardless of credit condition in ALL states that require bonding of private employment agencies. We also offer superlative fidelity bond coverages to protect against losses due to employee dishonesty. Visit the nation’s surety leader at SuretyOne.com, call (787) 333-0222 or (800) 373-2804, or email Underwriting@SuretyOne.com, for a New York employment agency bond application or information about any bond product.
