PEO (Professional Employment Organization) Bond
What is a PEO (Professional Employment Organization) Bond?
A PEO (Professional Employment Organization) Bond is a type of License & Permit bond that ensures that PEOs comply with state regulations, manage payroll taxes, and fulfill their contractual obligations to clients.
Protects clients from financial loss due to a PEO’s failure to meet its obligations.
Required by state governments for PEOs to operate legally and maintain professional standards.
Applicant’s personal or business information, credit history, bond amount, and PEO license details.
Based on credit history and bond amount, usually 1-5% of the bond amount.
