This surety bond is required by the department of the State. The required bond amount depends on the number of workers employed:
At least $25,000 if you employ two to five full time individuals who provide nail specialty services,
At least $40,000 if you employ six to ten full time individuals who provide nail specialty services,
At least $75,000 if you employ 11 to 25 full time individuals who provide nail specialty services,
At least $125,000 if you employ 26 or more full time individuals who provide nail specialty services.
The premium on this bond is generally as little as 2%.
To Secure a New York Wage Bond for Nail Salons:
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.