The bond amount for employment agencies will be increased through this bill. This is under existing law from $5,000 to $20,000. A surety bond is required or a letter of credit. This is to secure that the agency is compliant with the law and will pay all sums due to consumers and their employees.
Lance Surety Bond Associates, Inc. is a surety bond agency based out of southeastern Pennsylvania that is able to write all surety bond types in all 50 states. We are dedicated to servicing all of our customers' surety bonding needs throughout the country and guarantee competitive rates, timely responses, and unparalleled customer service.