Pennsylvania Unemployment Compensation | $10,000 Unemployment Compensation Surety Bond
Also known as: unemployment compensation bond, unemployment bond
Type of Bond
A Pennsylvania Unemployment Compensation Bond is a type of surety bond required by the Pennsylvania Department of Labor and Industry to ensure that employers comply with the Pennsylvania Unemployment Compensation Law. The bond is a legally binding agreement between the employer, the surety company, and the state of Pennsylvania, and is intended to provide financial assurance that employers will pay unemployment compensation taxes as required by law. The exact amount of a Pennsylvania Unemployment Compensation Bond depends on a variety of factors. Employers in the state of Pennsylvania must secure an unemployment compensation bond in order to be in compliance with the state's unemployment insurance laws. Generally, the amount of the bond is based on the employer’s payroll history, potential liability, and other factors. Generally, the amount of the bond must be at least twice the employer’s average quarterly liability or $10,000, whichever is greater.
Program
The price you'll pay for your $10,000 Unemployment Compensation Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!
We provide all types of $10,000 Unemployment Compensation Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.
Application
The application process for a $10,000 Unemployment Compensation Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Unemployment Compensation Bond Application process.
The Pennsylvania Unemployment Compensation Bond amount is currently set at $10,000.
Obligee Information
An obligee is the entity that is requiring you to have the Unemployment Compensation bond.
Obligee: PENNSYLVANIA DEPT OF LABOR & INDUSTRY
Street: 651 BOAS STREET ROOM 824
State: Pennsylvania
Zip: 17121-0750
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!