California Leave Of Absence | Leave Of Absence Surety Bond
Also known as: leave of absence bond
Type of Bond
A leave of absence bond is a type of surety bond that may be required by an employer when an employee goes on a leave of absence. The bond serves as a financial guarantee that the employee will return to work after the leave of absence and fulfill their employment obligations. The bond may be required if the employee is on an extended leave or has a key position within the company. If the employee does not return to work as promised, the employer can make a claim against the bond to receive compensation for any losses or damages incurred as a result of the employee's absence. The bond amount is typically based on the employee's salary and the potential financial impact of their absence on the company.
Program
The price you'll pay for your Leave Of Absence 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 Leave Of Absence 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 Leave Of Absence 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 Leave Of Absence Bond Application process.
Obligee Information
An obligee is the entity that is requiring you to have the Leave Of Absence bond.
For your convenience you can view a sample copy of the California Leave Of Absence Bond Form.
Obligee: State Of California
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!