New York Nail Salon Wage Bond

Complete Guide to Bonding a Nail Salon in NY

1. Start Your Application

Fill out the online application form

2. Receive Your Free Quote

You will be sent your quote in minutes

3. Buy Your Surety Bond

We offer secure payment options

START YOUR APPLICATION

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How Much Does a New York Nail Salon Wage Bond Cost?

The cost of a New York nail salon wage bond is between $250 and $12,500. The state requires a bond amount between $25,000 and $125,000, depending on the number of full-time nail specialists that it employs. However, you can buy your bond from a surety company rather than pay the full bond amount.

When you purchase your New York nail salon wage bond from our authorized surety company, your bond premium rate will be 1% to 10% of the bond sum. We review factors such as your credit history, assets and professional experience to determine your bond rate.

With more than a decade of experience serving New York, we bond over 99% of applicants. Those with all credit scores are considered.

If you apply for a new bond with a 700 credit score or higher, the rate you will receive is between 1% and 3%. The cost of a $25,000 bond in this case is between $250 and $750.

Surety Bond Cost Based on Credit Score
Surety Bond Name	Surety Bond Amount	Over 700	Between 600 - 699	Below 599
New York Nail Salon Wage Bond	$25,000	$250 - $750	$750 - $1,250	$1,250 - $2,500

* This table provides a ballpark estimate of potential bond costs. Bond pricing can fluctuate over time due to a number of factors. For exact pricing, please complete an application.

How to Get a New York Nail Salon Wage Bond

1. Apply For Your Bond

Purchasing a New York nail salon wage bond is a hassle-free experience when you work with our surety company. To get started, spend a couple of minutes completing the online application.

2. Get Your Bond Quote

Once we receive your bond application, we will review it immediately. We provide bond quotes to many of our customers within minutes. For applications that are complicated and need additional review, we will deliver a quote within 48 hours.

Callie was about to hire her second full-time nail specialist, and she needed a nail salon wage bond. She was thrilled to walk through our easy process online and soon had the bond she needed. Now, her business is growing with the addition of a new nail specialist to her team.

3. Buy Your Bond

To pay your bond premium and complete your purchase, use our online payment portal. Without delay, your bond will be prepared and emailed to you. If requested, we can also mail your bond.

Do you have questions about buying a nail salon wage bond? Our friendly bond experts are happy to help. Reach us online or by phone at (877) 514-5146 today for assistance.

Nail Salon Wage Bond Requirements in New York

In New York, businesses that sell nail specialty services and have two or more full-time employees who provide these services are required to have a nail salon wage bond. The bond amount ranges from $25,000 to $125,000.The purpose of the bond is to protect workers from potential abuse from employers in the form of illegal wage practices.

Bond Amount	Number of Full-time Employees Providing Nail Specialty Services
$25,000	2-5
$40,000	6-10
$75,000	11-25
$125,000	26 or more

The bond obligee is the New York Department of State Division of Licensing Services. The bond term is 12 months, and the bond must be renewed annually in order for the business to continue offering nail specialty services.

We make it easy to maintain your nail salon wage bond. Each year before your current bond expires, we will contact you with a renewal reminder and instructions.

For more information about what the bond covers, please review the bond coverage details.

How to Get Your Nail Salon License in New York

While not all nail salons need a surety bond, all salons need to be licensed. The New York State Division of Licensing Services is the authority on nail salon licensing. The items required to obtain a nail salon license in the state include:

Application
Surety bond form, if required
$60 application fee
Proof of liability insurance coverage

For additional information about New York nail salon license requirements, contact:

New York State Department of State
Division of Licensing Services
99 Washington Avenue, One Commerce Plaza, 6th Floor
Albany, NY 12231
Phone: (518) 474-4429

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Robin Kix

Robin Kix is our Renewal Department Manager. During her 10 years in the surety industry, she helped thousands of businesses throughout the nation remain compliant at the federal, state and local level. She has significant experience supporting commercial bond lines, particularly in the automobile, transportation and construction industries. Robin and her team work together to create a positive customer service experience at the time of every policy renewal, whether that be finding the best pricing or offering additional assistance.

About Us

Lance Surety Bond Associates, Inc. is a Pennsylvania-based surety bond agency that offers bonding at competitive rates in all 50 states. Established in 2010, our company has grown to become one of the top online bond producers in the country. Working exclusively with A-rated and T-listed bonding companies gives us the confidence to offer a 100% money-back guarantee. read more