South Carolina Employment Agency Bonds
South Carolina Employment Agency Bond Information
A Surety Bond is required of South Carolina Employment Agencies in order to legally operate in the state. The surety bond is conditioned upon the employment agency's compliance with the Provision of Act 107 of 1981 of the State of South Carolina along with and payment of all amounts due to any person or group when the bonded principal, representative or its agent receives such sums. Additionally, the surety bond obligates the employment agency to pay all financial damages due to misstatement, misrepresentation, fraud, deceit, or any unlawful acts or omissions on the part of the bonded principal relating to business activities of the employment agency.