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Georgia Employee Leasing Company Bonds or Georgia PEO Bonds are individually underwritten so the cost can vary and is primarily dependent on the credit score of the applicant as well as experience; sometimes, personal financials and business financials may be required depending on credit standing. Customers with good credit scores (generally 680 or higher) could qualify for a rate as low as 1% of the bond amount. Of course, we will always provide you with the lowest rates available on the market. And can typically handle all credit types — from excellent to poor — as such those terms vary.
The Georgia Employee Leasing Company Bond is in place to protect against unethical business practices and to enforce compliance with rules, regulations, and state statutes. Georgia Rules Chapter 300 set forth the reporting and compliance requirements in accordance with the Employment Security Law of the State.
The Georgia Department of Labor requires this surety bond be posted in pursuant of the Official Code of Georgia 34-8-172. The Obligee on the bond is to the Commissioner of Labor of the State of Georgia.
The first Georgia Employee Leasing Company Bond filed will run from the effective date through the end of that year and until the end of the following year. Subsequent terms will expire annually. Note that the bond is not cancellable.
Contact The ProSure Group. As surety bond experts in business over 23 years in Florida, The ProSure Group has handled hundreds of bonds of this type and has partnerships with more than 30 different surety companies. This ensures that we get you the best, most competitive pricing and terms available in the marketplace. You just need to complete our simple application and one of our specialists will quickly contact you.
Georgia does not require employee leasing companies to be licensed. But, Georgia does require the following: