VT employee leasing company bonds.
From $100. See your price in the app.
Vermont requires a licensed employee leasing company (PEO) to post financial security with the Department of Labor — generally a surety bond — under the employee leasing provisions of 21 V.S.A. chapter 13 and the Department’s rule. Premiums start from $100; the application collects no credit information, and most applications approve instantly. Enter the amount your filing requires and your exact price appears at the 60-second application.
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Apply to filed in one sitting.
No long underwriting queue for the standard PEO security bond — enter your amount, pay, and file with the Department of Labor. Here is the whole thing:
Apply online
Your company details, the bond amount your license requires, and the effective date — that is the entire application.
Issued
The application collects no credit information, and most applications approve instantly. Because these bonds run six figures, larger amounts may get a brief underwriter review — if a check runs, it is a soft pull that will not touch your score — usually within 48 hours.
File with the Department of Labor
Submit the executed bond to satisfy your employee leasing company license or renewal. Wet-ink originals mailed whenever the Department insists.
What it is and who needs it.
What the employee leasing bond actually covers
An employee leasing company — what most of the industry now calls a professional employer organization (PEO) — co-employs a client’s workforce and takes on payroll, payroll taxes, workers’ compensation, and unemployment contributions. Vermont licenses these companies through the Department of Labor and requires each to demonstrate financial responsibility.
The security backs the company’s obligation to actually pay the wages, benefits, and statutory contributions it collects on a client’s behalf. A surety bond is the most common form; the Department’s rule and the underlying statute also permit a letter of credit or other approved security, and the bond requirement may be waived for a company accredited by an approved national accrediting entity.
The required amount is the greater of $100,000 or 5% of the prior year’s total Vermont wages, benefits, workers’ compensation premiums or awards, and unemployment compensation contributions. A PEO may not make a client contribute toward the security. Enter the figure your filing requires; we price the bond from a $100 minimum, and the application collects no credit information.
You need this bond if you are
Five minutes, then a quick review.
Submit the application with your required bond amount. Because these run six figures, larger amounts may get a brief underwriter review — usually within 48 hours.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
How much is the Vermont employee leasing company bond? ▾
Why does Vermont require it? ▾
Is there a credit check? ▾
Can I use a letter of credit or accreditation instead? ▾
How is the 5% figure calculated? ▾
Other Vermont bonds.
PEO license waiting on one filing.
Five-minute application, premiums from $100, no credit section in the application. Enter your required amount and file with the Department of Labor.