New York Employment Agency Bonds

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Why is a New York Employment Agency Bond Required?

The New York Employment Agency Bond ensures faithful compliance with the provisions, conditions and requirements of Article XI of the General Business Law of the State of New York. Employment agencies are obligated by the surety bond to pay all damages suffered by any person by reason of any misstatement, misrepresentation, fraud or deceit, or any unlawful act or omission on the part of the principal, its agents or employees, while operating in the business as licensed.