What Is An Employment Agency Bond?
An employment agency bond is similar to a private employment agency bond, except that the agency is usually much bigger. The surety bond is a form of insurance that the agency purchases to guarantee to their clients their financial stability and legal compliance. Examples of employment agencies include temp agencies, sites like Monster or Career Builder, and more. These agencies seek to match potential employees with companies.
Before employment agencies purchase a bond from an agency, they must submit themselves to a credit check, have their application approved, and go through other screening processes.