Agencies that are a paid third-party in the hiring process between employers and employees must file a $1,000 Private Employment Agency Bond with the Nevada Labor Commissioner. The bond protects employees and employers from being swindled by private employment agencies that conduct business fraudulently or outside of regulations.
By purchasing your Employment Agency Bond with Jet, you are showing the Commissioner that you are committed to operating in an honest and law-abiding manner.
At Jet, the lowest rate for the Employment Agency Bond is just $10 a month or $100 a year! See the chart below for multi-year rates as well.
Bond Term | Cost |
---|---|
Monthly | $10 |
1 Year | $100 |
2 Years | $175 |
3 Years | $250 |
The Commissioner may require the bond to be increased up to a $5,000 limit if the original amount is deemed insufficient to cover potential claims. A review of the bond limit and soft credit check is required to be approved for a rate.
Once you provide payment for your Private Employment Agency Bond, you will receive an emailed confirmation with a receipt and a copy of your bond. Jet will prepare the original bond form and mail it to the Commissioner for filing unless you chose to do so yourself when paying for the bond.
The original bond must be submitted as instructed to the appropriate Nevada Labor Commissioner office:
Nevada Office of the Labor Commissioner
3300 W Sahara Wave, Suite 225
Las Vegas, NV 89102
Nevada Office of the Labor Commissioner
1818 College Pkwy, Suite 102
Carson City, NV 89706
With Jet, you’ll receive a renewal notice when it is near the end of the Private Employment Agency Bond’s term. Simply select your new term and provide payment for the renewal and Jet will take care of the rest. The private employment agency license expires each year on December 31st, so your bond may be coming up for renewal around the same time.
If you need to cancel your bond, send our team an emailed request to [email protected]. We will notify the Commissioner to begin the 30-day cancellation process. After those 30 days are up, the bond will be officially cancelled and Jet can review the remaining time on the bond for any available refund.
Monthly payment plan subscribers do not have a formal renewal process. Each payment keeps the bond active until you request to cancel. To account for the 30 days the Commissioner holds the bond active, your payments will end after the finalization of the cancellation. Refunds for monthly payments are not applicable.
As a private employment agency, you are responsible for following the regulations in Chapter 611 of the Nevada Revised Statutes (with the exception of Section 611.010). If you comply with these regulations and avoid any fraudulent business dealings, there would be no cause for filing a claim on the bond. However, when an employer or employee who has paid you for your services in finding employment experiences monetary loss because of your unlawful actions, a claim can be filed on the bond for reimbursement.
If you receive a claim, Jet will review the evidence, checking whether the accusation is valid. If it is, Jet must pay out the bond up to the full bond limit. Since the claim was filed because of your actions, you are responsible for paying Jet back in the amount of the claim.
After a claim, the Commissioner may find that $1,000 is not enough to protect the public from your actions. The bond limit may be increased up to $5,000, which may require additional coverage.
Yes, an employment agency may need a bond to replace or add on to the $1,000 Private Employment Agency Bond that is already in place. The second bond may be in a limit of up to $5,000 under the Commissioner’s recommendation.