California Job Listing Service Bond
Find out what this bond can do for you!
What is a California Job Listing Service Bond?
It’s a financial guarantee required by Chapter 4 of the California Civil Code and enforced by the California Secretary of State.
Every job listing service must submit this bond before providing services that pertain to a job listing or contracting with a job seeker.
The purpose of this bond is to protect the jobseeker in case the job listing service, its agent, representatives, or employees commits any misconduct such as misrepresentation, deceit, unlawful acts of omissions, or failure to provide the services of the job listing service in the performance of the contract with the jobseeker.
As part of the bond’s condition, the job listing service will indemnify any jobseeker who will suffer damages from the misconducts or violations of Chapter 4 of the California Civil Code as well as the rules and regulations set forth by the California Secretary of State.
How much is a California Job Listing Service Bond?
The bond premium will vary per applicant. This will depend on the job listing service’s credit score. The bond premium will start at $100 for job listing services with excellent credit scores.
The bond amount is $10,000.
Check out what you need to pay by getting your FREE SURETY BOND QUOTE HERE!
How can I get a California Job Listing Service Bond?
You can easily get this surety bond from us! We will guide you through the entire process. We’ll make sure that you will understand what you are getting into.
Here’s how to get bonded:
- You have to send an application to us. If you are ready to do that now, you may APPLY HERE!
- After we have received your application, we will ask you to submit the necessary information needed for the underwriting process. These are the following:
- Your financial capability
- Your business or job performance history
- Your credit score
An expert underwriter will carefully evaluate all three to attain the best credit decision possible. To avoid any delay, the information that you should submit should be organized and concise.
- Your surety bond will be issued and sent to you!
How does a California Job Listing Service Bond work?
This bond will serve as an enforceable agreement among 3 parties, namely:
Principal – Job Listing Service
Obligee – People of the State of California
Surety – Surety Bond Provider
The Principal and the Surety will both answer to the claims made by the Obligee if the Principal commits any misconduct or violates the said Chapter. An Obligee can be any job seeker who has been injured by the violation of the Principal.
The claim will first be verified by the Surety before it is settled. The Surety will check if the offense made is true and if it’s covered by the bond. Once the Surety has settled the claim, the Principal will reimburse the Surety for the payments made.
Ready to apply? START HERE!