New Jersey Temporary Help Service Firm Bonds

In the state of New Jersey, temporary help service firms, or employment agencies, are required by the New Jersey Division of Consumer Affairs Employment and Personnel Services to obtain a temporary help service firm bond as part of their licensing requirements. A temporary help service firm surety bond acts as a financial guarantee that the firm will meet its obligations, such as paying employees their earned wages, adhering to contractual agreements, and complying with state laws and regulations.

The surety advisors with The ProSure Group can help you get a temporary help service firm bond quickly and at an affordable price! Fill out our online form for a free, no-obligation quote, or contact us to speak with an experienced surety bond agent!

What Is A Temporary Help Service Bond?

A temporary help service firm bond is a type of surety bond required by the state of New Jersey for businesses operating as temporary help service firms. The purpose of a temporary help service firm bond is to act as a guarantee to the Attorney General and the New Jersey Division of Consumer Affairs Employment and Personnel Services that the firm will operate in accordance with state laws and regulations, particularly those outlined within the New Jersey Temporary Help Service Firm Registration Act. Should a temporary help service firm fail to fulfill its obligations, the affected parties may file a claim against the bond to recover their financial losses.

How Much Does A NJ Temporary Help Service Firm Bond Cost?

New Jersey temporary help service firms are required to post a bond of at least $200,000. However, certain firms may be required to post higher bond amounts depending on their assessed risk level or classification placements. The actual cost of a NJ temporary help service firm bond is only a small percentage of the posted bond amount, known as the bond premium. A temporary help service bond's premium can be determined by several factors, including the firm's credit and financial history. While applicants with lower credit may face a higher premium, well-qualified applicants with strong credit can pay as little as 1% of the bond amount. To find out how much a NJ temp help service bond will cost your firm, you can fill out our online form for a free, no-obligation quote!

How Do I Get A NJ Temporary Help Service Firm Bond?

Contact The ProSure Group! Our team of surety experts understands the bonding process for New Jersey temporary help service firms and works with over 30 surety companies to secure the best rates for all applicants. With over two decades of experience as trusted surety advisors, you can count on The ProSure Group to secure your bond quickly so you can focus on running your firm. Contact us today to speak with a surety expert, or fill out our online form for a free quote!