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North Dakota professional employer organization bonds.
From $1,000.

A North Dakota professional employer organization must hold a surety bond (or letter of credit) with the Secretary of State to be registered. The amount is tied to your North Dakota wages, with a $100,000 floor — enter that figure and your exact price appears at the application. No credit check up to $50,000.

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Required to be registered as a PEO with the North Dakota Secretary of State
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Amount is the lesser of $100,000 or 5% of prior-quarter ND wages — $100,000 if you have no filed wage report yet
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No credit check up to $50,000 — above that, a soft pull at most, which never affects your score
From $1,000your exact price at application1%of your bond amountNo credit check up to $50,000above that, a soft pull at most, never a hard inquiry
Trusted by industry leaders
New York City Economic Development Corporation (NYCEDC)
Blumenfeld Development Group (BDG)
Capital Development Partners
McKinney Properties
Terra Capital
JLL (Jones Lang LaSalle)
Triple Five Group
The Georgetown Company
New York City Economic Development Corporation (NYCEDC)
Blumenfeld Development Group (BDG)
Capital Development Partners
McKinney Properties
Terra Capital
JLL (Jones Lang LaSalle)
Triple Five Group
The Georgetown Company
Price

How much does a North Dakota professional employer organization bond cost?

1% of the bond amount, from $1,000 at the $100,000 minimum. Enter your amount in the calculator for the exact price.

How it works

Three steps. One sitting.

No credit check up to $50,000. Here is the whole thing:

TODAY · ONLINE

Apply online

Your business details, the bond amount your registration requires, and the effective date — that is the application.

INSTANTLY OR QUICK REVIEW

Issued

No credit check up to $50,000. Smaller amounts can issue right after payment; larger PEO bonds may get a quick underwriter review.

SAME DAY

File with the Secretary of State

Submit the executed bond with your PEO registration, held by the Secretary of State. Wet-ink originals mailed whenever the state insists.

About this bond

What it is and who needs it.

What the PEO bond actually covers

A professional employer organization co-employs a client's workforce — handling payroll, taxes, and benefits — so the state wants a financial guarantee standing behind the wages and taxes a PEO is responsible for. North Dakota registers PEOs through the Secretary of State and conditions registration on a surety bond or irrevocable letter of credit.

The amount is the lesser of $100,000 or 5% of the total wages on the PEO's most recent quarterly contribution and wage report filed with Job Service North Dakota. A PEO that has not yet filed a quarterly wage report posts the $100,000 floor — so most PEOs end up posting the $100,000 bond amount. That is the amount, not the price: pricing starts from $1,000 and depends on the amount you enter.

The bond is held by the Secretary of State, and a PEO must give at least 45 days' notice before cancelling or non-renewing it. If the bond lapses, the Secretary of State revokes the registration the next day — so we track it and keep it continuous. If the surety pays a claim, the PEO repays the surety.

North Dakota PEO registration (Secretary of State)North Dakota registers professional employer organizations through the Secretary of State and requires a surety bond or irrevocable letter of credit in an amount equal to the lesser of $100,000 or 5% of the total wages on the PEO's most recent quarterly contribution and wage report filed with Job Service North Dakota — with a $100,000 amount where no such report has been filed. The PEO must give at least 45 days' notice before cancelling the bond, and a lapse revokes the registration the next day. Confirm your exact amount with the Secretary of State.

You need this bond if you are

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A PEO registering in North Dakota — the bond is held by the Secretary of State
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Renewing a PEO registration as your wage-based amount is recalculated
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A new PEO that has not yet filed a North Dakota quarterly wage report (the $100,000 floor applies)
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Replacing a letter of credit with a surety bond to free up bank collateral
After you buy

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 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.

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

File with the Secretary of State. Submit the executed bond with your PEO registration, held by the Secretary of State. Wet-ink originals mailed whenever the state insists.

What sets the price

The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.

No credit check up to $50,000. Above that, the carrier may run a soft pull, which never affects your score.

Where a check runs, it decides approval; the rate is the same for everyone approved.

One application, no credit check up to $50,000.

No credit check up to $50,000. Smaller amounts can issue right away; larger PEO bonds may get a quick review.

Start the application →
FAQ

Common questions.

How much is the North Dakota PEO bond?Pricing is 1% of your bond amount. The bond amount is the lesser of $100,000 or 5% of your prior-quarter North Dakota wages — and $100,000 if you have not filed a quarterly wage report yet. Enter your figure and your exact price appears at application.
Why is the floor $100,000?Because the formula is the lesser of $100,000 or 5% of wages, but a PEO with no filed quarterly wage report posts the full $100,000. For most PEOs, $100,000 is the practical starting amount.
Can I use a letter of credit instead?Yes — North Dakota accepts an irrevocable letter of credit in place of the surety bond. A surety bond is usually cheaper, though: you pay the bond premium rather than tying up cash or bank collateral for the full amount.
Is there a credit check?No credit check up to $50,000. Above that, the carrier may run a soft pull, which never affects your score. Most applications approve instantly.
What happens if the bond lapses?The Secretary of State revokes your PEO registration the day after a lapse, and you must give at least 45 days' notice before cancelling. We track the bond and send renewal notices well ahead, so it never lapses by accident.
Which A-rated carriers underwrite these bonds?Typically Arch Insurance Company (A.M. Best A+) or Nationwide Mutual Insurance Company (A.M. Best A). Which one writes your bond depends on the bond type and your state. The carrier's name and official signature are printed on the bond you receive.
How do I contact Light RFP about this bond?Email insurance@lightrfp.com. It reaches the bond team at Light RFP Risk Management Services LLC (NY DFS License # PC-1978982). Write to us about quotes, applications, bond forms or certificates. We will respond within 24 hours.
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Price and requirements checked on the carrier’s application, . Page updated .

PEO bond, ready to register.

One application, no credit check up to $50,000. Enter your required amount and file with the Secretary of State.

Your premiumfrom $1,000
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