The Definitive Guide for Part 28 - Bonds and Insurance - Acquisition.GOV

Employers with more than 5 staff members need to send a Surety Bond of 5 thousand ($5,000) dollars. Employment Service Bond ($50,000/$100,000) All applicants for a Basic Business License for a Work Solutions Business (Employment service) must post a $50,000 Employment Firm Surety Bond or a $100,000 Employment Service Surety Bond throughout of the two-year license period.

If the average charge for a task seeker is less than $2,000 and the Employment service business enters into agreements with less than 100 task applicants each year, a bond in the quantity of fifty thousand ($50,000) dollars shall be submitted. Employment Counseling Service Bond ($50,000/$100,000) All candidates for a Basic Service License for an Employment Services Company (Work Therapy Service) must post an Employment Therapy Service Surety Bond for the duration of the two-year license duration.

If the average charge for a task hunter is less than $2,000 and the Work Counseling service participates in agreements with fewer than 100 job candidates each year, a bond in the amount of fifty thousand ($50,000) dollars will be filed. Spa Sales Bond ($25,000/$50,000) All applicants for a Basic Service License for a Regulated Service (Health Spa Sales) need to post a Spa Surety Bond in the amount of twenty-five thousand ($25,000) dollars throughout of the two-year license period for annual membership sales of up to one hundred thousand dollars ($100,000).

The Surety Bond may be issued by an authorized insurance carrier, or the candidate might post a money bond with the Department of Customer and Regulatory Affairs. Home Enhancement Surety Bond ($25,000) All candidates for a Basic Organization License for a Regulated Service (House Improvement Contractor) must post a House Improvement Surety Bond in the amount of twenty-five thousand ($25,000) dollars for the period of the two-year license duration.

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Motor Lorry Dealer Bond ($25,000) All candidates for a Basic Organization License for a Controlled Organization (Automobile Dealership) must post a in the amount of twenty-five thousand ($25,000) dollars throughout of the two-year license period.  Reference  may be released by an authorized insurance provider, or the applicant may post a cash bond with the Department of Consumer and Regulatory Affairs.