A South Carolina employment agency bond is a prerequisite to licensing a private employment agency in the state. According to the state regulator, employment agencies, or private personnel placement services, include any person who charges fees, whether direct or indirect, all or any part of which may be consideration of the person providing information on employment opportunities, procuring or attempting to procure employment for applicants seeking employment, or for procuring or attempting to procure employees for employers seeking applicants. The South Carolina employment agency bond must be written to the benefit of the People of the State of South Carolina and must be in the amount of three thousand dollars ($3,000). The South Carolina Secretary of Stateis the regulatory authority overseeing employment agencies. Licenses are renewable every two years by December 31st. Individual license applications must be made for each separate location and an additional South Carolina employment agency bond provided for each independent operation. The surety bond obligation guarantees that the agency will comply with the Provisions of Act 107 of 1981 of the State of South Carolina and pays all sums due any individual or group of individuals when the licensee or his representative or agent has received sums, and pays all damages occasioned to any person by reason of misstatement, misrepresentation, fraud deceit, or any unlawful acts or omissions of the licensee or of his agents or employees while acting within the scope of their employment. The South Carolina employment agency bond is also a compliance guarantee of Title 41 Labor and Employment Code, Chapter 25. South Carolina surety leader, Surety One, Inc. is the ‘No. 1′ underwriter of the bonding needs of the private personnel and staffing sector. We offer terms for employment agency bonds to ALL applicants regardless of principal credit or financial statement condition. We also offer superlative third party fidelity bond coverages designed for employment agencies to address employee dishonesty. Visit SuretyOne.com, call (787) 333-0222 or (800) 373-2804, or email Underwriting@SuretyOne.com for a South Carolina employment agency bond application or information about any fidelity or surety bond need.
