North Carolina Job Listing Service Bond

North Carolina Job Listing Service Bond

The North Carolina Department of Labor (NCDOL) requires all job listing services operating within the state of North Carolina to obtain a $25,000 Job Listing Service Bond. Jet Insurance Company provides this bond as a financial reassurance for listing services to the NCDOL that the job listing service will refund customers appropriately.

PURCHASE JOB LISTING SERVICE BOND

At Jet, job listing services are able to gain the advantage of going through a bonding process directly with the surety provider that curbs inconveniences and lengthy waiting times.

What Is the Cost of the Job Listing Service Bond?

Jet approved prices for this bond begin at $188 per year. The cost will vary based on the personal credit and the financial standing of the job listing service operator. Personal and/or business financial statements may be requested from the job listing service to make this determination.

NC Job Listing Service Bond Price
Term Cost
Monthly $19
1 Year $188
2 Years $328
3 Years $469

Jet offers more convenience by offering a monthly payment option. Job listing services may choose to purchase their bond through monthly or annual terms. 

Can Jet File the Bond For Me?

Yes, Jet can! The fully completed bond is sent off by Jet directly to the NCDOL following the purchase of the bond.  A copy of the bond will be made available for the job listing service operator after the purchase has been made.

You can request to have the original bond sent to you address during the purchase of the bond, should you have additional paperwork to submit to the NCDOL with the bond form. The bond  will be sent directly to the address stated below: 

State of North Carolina Department of Labor
Wage & Hour Bureau 
1101 Mail Service Center 
Raleigh, NC, 27699

Can I Cancel My Bond And Get A Refund?

At Jet you can!. If you decide to cancel your bond you must send a written cancellation notice to Jet. Once Jet has received the job listing service operator’s intent to cancel their bond, they will notify the NCDOL. 

For bonds purchased on a monthly basisJet will stop the automatic payments once the cancellation notice has been accepted by the NCDOL.

Jet does not include cancellation fees. In the event that a refund be available for job listing service operators, Jet will take into account any cancellation provisional time allowed for by the NCDOL. 

How Does a Job Listing Service Operator Avoid Bond Claims?

The job listing service is required to satisfy the rules and regulations enforced by the State of North Carolina Department of Labor. The requirements to follow are stated on the North Carolina General Statute Chapter 95 - Article 5B. To avoid bond claims, must provide refund to their customers based on the contract entered into. 

A clearly written contract with a section specifying the terms of cancellation of service and the refund policy are paramount. If the customer and NCDOL can clearly see how refunds are handled and the job listing service follows them, there should never be an issue with the bond. 

Other contractual items job listing service operators must address in contracts are as follows per § 95-47.25: : 

Job listing service operators must also maintain records of job listing services and make it available to the Commissioner including the following: copies of any contracts established with applicants as well as fee receipts, copies of advertised listings, and any additional records requested by the Commissioner. 

Customers that have suffered damages on behalf of the job listing service operator’s inability to follow the State Statutes may file a claim. The NCDOL may conduct their own investigation and may also file a bond claim against the job listing service. 

Job listing service operators that have violated any provision of the State Statutes will be subject to criminal and civil penalties in the same amount and procedure for a person operating a private personnel service (Class 1 misdemeanor and a civil penalty of no less than $50.00 and no more than $100.00). 

What Happens If I Get a Bond Claim?

Should there be a claim against the job listing service operator, Jet will step in and provide a defense. If the claim has been found to be valid following our investigation, Jet will act within its duty and provide a payment for the claim amount not to exceed the $25,000 bond limit. 

Once the claim has been paid, the job listing service operator are responsible to pay Jet back. Surety bonds, unlike insurance, are like letters of credit, guaranteeing payment, but do not absolve the principal (job listing service) from the damages they created. 

Immediately after the claim payout reimbursement, Jet can restore the bond so that the job listing service operator is not placed in any further for not carrying their bond.

Why Is The NC Job Listing Service Bond Required?

The State of North Carolina Department of Labor exists to provide a safe, healthy, and inclusive employment environment within the State of North Carolina. Job listing services in their service of companies posting jobs within their service must provide proper refunds to customers based on the contract entered into. Failure to do so is in direct contradiction of the state statutes and falls into the NCDOL authority to promote fair employment services in North Carolina. 

The job listing service bond provides financial reassurance from Jet to applicants and the NCDOL that the job listing service operator will act in accordance to the rules and regulations relevant to this bond. Without the bond and the backing provided from Jet, a job listing service is not allowed to operate in North Carolina.

How Does the Application Process Work With Jet?

At Jet, the application process first gathers basic information online. One of our underwriters will reach out to you shortly after if any more information is needed.

With a decision made on the eligibility and rate of the bond by our underwriter, an approved rate will be made available to the job listing service operator for purchase online. 

A bond copy and receipt of the bond will be sent to the job listing service operator.

PURCHASE JOB LISTING SERVICE BOND

How Do I Renew the Job Listing Service Bond?

The process to renew the job listing service bond does not require any additional paperwork, just payment to Jet. Bonds that have been purchased on an annual basis will only require an annual renewal fee made by the job listing service operator. Jet will provide a notification with plenty of time to make a payment so that the bond coverage continues as needed. 

Bonds purchased on a monthly basis will not require any action as long as the monthly payments are continuously sent on a timely basis. 

 

North Carolina Job Listing Service Bond Form