Wage Bond for Nail Salons in New York

Complete Guide to Bonding a Nail Salon in NY

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How Do I Get Bonded?

In July 2015 NY Gov. Cuomo signed a new rule concerning nail salons in the state. As of October 6, 2015, nails salons in New York have to post a wage bond in order to keep their license and operate legally. If you are a nail salon owner, you’ll find all the facts about your wage bond requirement below.

The state of New York requires a wage bond in order to protect employees of nail salons, who have commonly been subject to numerous wage violations. If a violation occurs, a claim can be made against the bond. The underwriting surety company will pay legitimate claims, up to the full amount of the bond. However, all claims costs will have to be repaid to the surety in full by the salon that holds the bond.

Wage Bond Amounts

Depending on how many people a nail salon emplyes, New York has set the following wage bond amounts:

  • A minimum of $25,000 if employing 2 - 5 full-time employees or equivalent

  • A minimum of $40,000 if employing 6 - 10 full-time employees or equivalent

  • A minimum of $75,000 if employing 11 - 25 full-time employees or equivalent

  • A minimum of $125,000 if employing 26 or more full-time employees

Your personal premium will be calculated based on your credit score. Depending on your credit history, the premium will likely be between 2% and 10% of your total bond amount.

Bad Credit Program

Your personal credit score is one of the most important determinants of your ability to get bonded. People with poor credit, or other issues with their credit history, such as bankruptcies or tax liens, may have a harder time getting bonded.

Still, bad credit markets for wage bonds exist, so in all but the worst cases your credit score shouldn’t be an impediment for getting bonded. Here at Lance Surety Bonds, we offer a special bad credit surety bond program. We work with a number of wage bond providers in New York, which helps us to match your application with the best options available. If you have more questions about our bad credit surety bond program, you can call us at (877)-514-5146. Our surety bond specialists are here to help you.

Nail Salon Wage Payment Bond Cost in New York

To make it easier to understand how much your wage bond will cost you, here is an approximation of the premiums you can expect based on the size of your business and your credit score.

New York Wage Bond Cost Table

Type of Bond
Total Bond Amount
Cost Based on Credit Score
680 and up 679 - 600 less than 600
Hair Salon Wage Bond
2 - 5 full-time employees
$25,000 2% 3% - 9% 10% or more
Hair Salon Wage Bond
6 - 10 full-time employees
$40,000 2% 3% - 9% 10% or more
Hair Salon Wage Bond
11 - 25 full-time employees
$75,000 2% 3% - 9% 10% or more
Hair Salon Wage Bond
26+ full-time employees
$125,000 2% 3% - 9% 10% or more

Keep in mind that these numbers are an approximation. Your actual quote will vary based on your specific situation. If you want to get an exact cost of your bond, you can fill our our online application form and receive a free bond quote in minutes (there are no obligations).

Questions about Wage Bonds For Nail Salons In New York

How can nail salons become licensed and bonded in New York?

The license required from nail salon owners is called an Appearance Enhancement Business License and is handled by the Department of State, Division of Licensing Services. The requirements are quite simple and straightforward.

Your business is considered bonded when you successfully get a wage bond. To get a clearer idea, read our dedicated page on how to get bonded. In addition to obtaining the wage bond, you will have to pay an application fee of $60, and provide a social security number (or federal taxpayer ID), as well as your business’ name, address, and structure, among other things. You can find a full list of licensing requirements on the website of NY’s Department of State.

How do I get my nail salon wage bond?

A NY wage bond can easily be obtained through our online application form. After filling out the form, you will receive a free quote without any obligations. If you are happy with your quote, you can then buy your bond and have it processed immediately. We will process your request electronically, so you don’t have to worry about tiresome paperwork.

To get a better idea of the type of information you will need to provide, take a look at the wage bond form provided by New York’s Department of State.

How do I renew my wage bond?

In order to renew your license, you will also need to renew your wage bond. If you obtain it through Lance Surety Bonds you won’t have to worry about missing the deadline, as we will notify you well ahead of time, and send you a renewal invoice. Once you pay your premium we will submit your bond with the bonding company and you can rest assured about maintaining your license.

A NY nail salon license is valid for 4 years, and must be renewed electronically through the website of New York’s Department of State.

How are bond claims handled for nail salons?

As long as you pay your employees’ salaries and fringe benefits on time, you will not have to worry about a claim on your nail salon wage bond.

Still, if a violation is established and a successful claim is filed against you, the surety that provided the bond will have to reimburse the plaintiff within 30 days of receiving the notice. After that, it is your responsibility to pay all costs incurred by the surety up to the total amount of the bond you got.

Remember that it is never a good idea to deal with claims. They may severely damage not only your reputation, but also your ability to get bonded and renew your license. Even if you can get bonded after a claim, it will be at a much higher price. It’s best to try and settle conflicts before they become claims.

Why Lance Surety Bonds

Lance Surety Bonds works only with A-rated and Treasury listed bonding companies. We always make sure to match your application with the company that offers the best quotes to meet your bonding needs. Our long-standing relationships with our surety partners enables us to access wage bond rates even for applicants with bad credit, so you won’t have to worry about your nail salon being forced to shut down simply for failing to comply with the new requirement.

We also offer:

  • Free quotes with absolutely no obligation

  • Fast processing and approval times

  • Easy-to-use online application forms.

The deadline of Oct. 6 is approaching fast so don’t wait. Get your FREE bond quote now!

Got any questions? Call us at (877)-514-5146 and we will be happy to help.

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About Us

Lance Surety Bonds
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

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