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Georgia Employee Leasing Company Surety Bond / Georgia PEO Bond

What is a Georgia Employee Leasing Company Bond?

  • A Georgia Employee Leasing Company Bond, Georgia PEO Surety Bond or Georgia Employee Leasing Company Statutory Bond is a surety bond that is required in order to conduct business as an employee leasing company in Georgia. Employee leasing companies are also known as professional employer organizations or PEOs. The required bond amount is the greater of $10,000 or 2.7% of its taxable payroll for the four calendar quarters ending June 30th immediately preceding the effective date of the bond. New companies are required to post a $10,000 bond.
  • Per GA Code 34-8-32, an employee leasing company is an independently established business entity which engages in the business of providing leased employees to any other employing unit under the following conditions: negotiates with clients or customers for such matters as time, place, type of work, working conditions, quality, and price of service; determines assignments of individuals to its clients or customers, even if the individuals retain the right to refuse specific assignments; sets the rate of pay of the individuals, whether or not through negotiation; pays the individuals from its accounts; and hires and terminates individuals who perform services for the clients or customers.
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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:

  • Application for a Certificate of Authority
  • Registration
  • A Surety Bond
  • Extensive record keeping- requirements are set by the Georgia Employment Security Law.
  • And more.
If you don't see the bond you're looking for give us a call at (800) 480-3883 and speak to one of our many
Georgia Employee Leasing Company's Statutory Bond Surety Bond Experts!
Type Bond Obligee Bond Amount
License Georgia Employee Leasing Company's Statutory Bond: Established employee leasing company Georgia Department of Labor
Varies
License Georgia Employee Leasing Company's Statutory Bond: New employee leasing company Georgia Department of Labor
$10,000