Surety Bonds

Many states require a security deposit as assurance of payment from reimbursing employers. The amount varies by state, but is typically based on a percentage of payroll. The most common type of assurance is a surety bond, but some states may request a cash deposit or prepayment of estimated claims. If your state requires a security deposit, we will obtain the surety bond for you and deduct the annual fees from your reserve account.

Mandatory Bonds (15):
Alabama, Alaska, Arkansas, Georgia, Hawaii*, Maine, Maryland, Michigan, New Mexico, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Wisconsin

Optional Bonds (16):
Colorado, Connecticut, District of Columbia, Idaho, Kansas, Kentucky, Massachusetts, Mississippi, New Jersey, Rhode Island, South Dakota, Texas, Utah, Virginia, Washington, Wyoming

Bonds are not required in states not noted above

* Hawaii - a one-time deposit of 0.2% of gross payroll.

Surety Bond Map