What is a surety bond?
A surety bond is a legal binding contract that guarantees a third party will meet the tax obligations of an employer.
Surety bonds are available to non-profit organizations electing unemployment insurance reimbursable coverage and to employee leasing companies.
Electing Reimbursable Coverage
Employers electing reimbursable coverage will complete form.
Electing Leasing Company Employee Reporting
Leasing companies electing to report and otherwise treat all leased employees as its own employees will complete form.
Surety Bond Deposit
Surety bond deposit amounts are determined after a review of completed form DOL-11 or DOL-11B. Employers may select a bond payment method by submitting form
Surety Bond Renewals
Bonds for Reimbursable employers are renewed every two years.
Bonds for Leasing companies are renewed annually.
Surety Bond renewal notification letters are sent from the UI Adjudication section with instructions and bond renewal forms: