A professional employment organization bond (PEO) is obtained to reduce instances of fraud and malpractice in PEOs. It also ensures that these companies adhere to all state licensing and registration requirements, pay all client service fees and provide policy collateral for worker's compensation.

1. Professional Employment
Organization (PEO) Bond
For professional employment organizations, this surety bond is
designed to reduce fraud and other instances of malpractice within the
industry.
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2. What is a Professional Employment Organization Bond?
This Surety Bond is obtained
to reduce instances of fraud
and malpractice in PEOs.
It also ensures that these
companies will adhere to all
state licensing and
registration requirements.
Many government agencies are requiring PEOs to get a
surety bond since they have a lot of financial responsibility
in the employment industry as outsourced HR departments.

3. The 3 Parties Involved:
The state agency that
requires your company to
purchase the bond.
OBLIGEE
The individual or person
who is responsible for
obtaining a PEO bond.
PRINCIPAL
The agency that
underwrites the PEO
bond.
SURETY

4. How much does a PEO bond cost?
The required amount of coverage for a PEO
bond is determined by your state.
Premium payments for this type of bond are a
small percentage of the total bond amount.

5. How do you secure this bond?
Request your free quote and complete fill out an
application form.
FIRST,
An agent will get your paperwork together and advise you
of any necessary documents to complete the process.SECOND,
Once that is finalized, your payment will be processed and
then your PEO bond documents will be sent to you right away.THIRD.

6. SOURCE:
https://suretybondauthority.com/professional-
employment-organization-bond/
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