New York Professional Employer Organization (PEO) Surety Bond

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Bond Penalty: $75,000

A New York Professional Employer Organization Surety Bond is a statutory financial assurance required under Article 31 of the New York Labor Law, also known as the Professional Employer Act. This bond is a condition of licensure for any entity that provides professional employer services within the state. Surety One, Inc. offers same-day underwriting and issuance of these bonds for qualified applicants.

New York State mandates that PEOs demonstrate a minimum tangible net worth of $75,000. If a PEO does not meet this financial threshold, it must furnish a $75,000 surety bond to the New York State Department of Labor, guaranteeing the payment of wages, taxes, benefits, and other entitlements owed to worksite employees. The bond ensures compliance with the provisions of the Professional Employer Act and offers a financial remedy if a PEO fails to fulfill its statutory obligations.

The bond is issued in favor of the Commissioner of Labor of the State of New York, the designated obligee. If a licensed PEO defaults on its responsibilities, the Commissioner may recover from the surety up to the full bond penalty to satisfy outstanding obligations owed to employees. The bond remains in effect continuously and may only be canceled by the surety with thirty (30) days’ prior written notice to the Department of Labor. Even after notice, the surety remains liable for claims that arise during the effective bond period.

Professional employer organizations operating in New York must register annually and maintain an active bond as a condition of licensure. Failure to maintain the bond can result in license suspension or revocation. Surety One, Inc. is a leading provider of PEO bonds nationwide, offering competitive rates and expert guidance on meeting state bonding requirements.

Obligee Information:
New York State Department of Labor
Commissioner of Labor
State Office Building Campus
Building 12
Albany, NY 12240
(518) 457-9000
dol.ny.gov

For fast, compliant issuance of your New York PEO surety bond, contact (800) 373-2804, email us at Underwriting@SuretyOne.com, or click here for a real-time conversation with an underwriter. New York surety bond leader, Surety One, Inc. offers same-day servicing of your PEO surety bond request. Our special programs allow us to offer you bonding regardless of your credit and financial condition. Do you operate in multiple states? No problem! We offer surety bonds in all states and offer fidelity bond coverages for this class of business as well.We offer 24-hour underwriting and bond delivery for applicants in all 50 states and U.S. territories.

Surety bond application review and quoting are free of charge. There is no obligation to purchase.

What We Need From You

Additional Attachments

  • Current Business Financial Statement
Sosa L.
19 Jun 2025
Seamless and prompt responses always. Very much appreciated the professionalism!
Tonja P.
18 Jun 2025
I deal with Eliara Piva for all the bonds that are needed and she is always so helpful. She is very professional and wealth of knowledge on every question I have about the bonds and what is needed to complete the process.
Deana- NY, United States
13 Jun 2025
This company is great! I needed a bond for a very picky client, and fast. I called Surety One, and they were extremely helpful and quick. I will definitely be using them in the future and recommending them to anyone who needs a bond.

We can't thank you enough, big shoutout to Wayne and Ellie for making this process stress free.
Colin- NC, United States
30 May 2025
I worked with Eli, a member of the team in the Raleigh office, who was exceptionally helpful in explaining what was needed for an indemnity bond I needed for a trailer purchase. Eli and the Surety One team were very responsive, informative, and helpful from start to finish.
Surety O.- ON, Canada
28 May 2025
Wayne and his team went above and beyond for us. This was our first time using them and they were quick, efficient and a delight to correspond with. Very professional.