New Jersey employee leasing bonds.
$1,000 flat.
A New Jersey employee leasing company (PEO) must register with the Department of Labor and Workforce Development and show financial stability, and a surety bond is one accepted way to meet that test. The $100,000 bond is $1,000 flat, set by our carrier's rate book, identical for every PEO.
Trusted by industry leaders
How much does a New Jersey employee leasing bond cost?
$1,000 at the $100,000 amount, the same for every applicant.
Three steps to registered.
Your PEO registration is waiting on this bond. Here's the entire process — no broker phone tag:
Apply once, online
Business details, owner information, and an effective date. The only extra step is a one-time consent to a soft credit pull.
Reviewed & approved
A $100,000 bond gets a real underwriting look; you typically hear back within 48 hours. One soft credit pull, never a hard inquiry, and it never affects your score.
E-sign & file with the Department
Pay online and receive the executed bond ready to file with your Department of Labor and Workforce Development registration. Wet-ink originals mailed whenever the Department insists.
What it is and who needs it.
What the bond actually guarantees
An employee leasing company — a PEO — co-employs another business's workers, handling payroll, benefits, and employment taxes. New Jersey requires PEOs to register with the Department of Labor and Workforce Development and demonstrate financial stability so the wages, benefits, and taxes they handle are secure.
Under N.J.S.A. 34:8-70 a leasing company must show a minimum net worth of $100,000 (or positive working capital). When it can't meet that with financial statements alone, the Department accepts a surety bond, letter of credit, or securities in place of the shortfall — and the $100,000 bond is the common figure used to satisfy the requirement.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond must stay on file for as long as you rely on it for registration; we track it and notify you 60 and 30 days out so your filing stays continuous.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $100,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose; a longer term is the same price per year, chosen at checkout.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
E-sign & file with the Department. Pay online and receive the executed bond ready to file with your Department of Labor and Workforce Development registration. Wet-ink originals mailed whenever the Department insists.
What sets the price
The premium is fixed at $1,000 at the $100,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application: approved instantly, or after a quick credit check.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and your bond is typically issued within 1–2 business days.
Start the application →Common questions.
Other New Jersey bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
The Department is waiting on one document.
$1,000 flat, short application, e-signed bond in 1–2 business days. Free until issued.