New York Nail Salon Wage Bond

Get Your New York Nail Salon Wage Bond — Fast & Affordable

If your nail salon employs two or more full-time-equivalent nail specialty workers, New York State requires you to file a Wage Payment Surety Bond with the Department of State, Division of Licensing Services. We help salon owners obtain the correct bond quickly, at competitive rates, regardless of credit history.

Effective July 1, 2015, New York adopted rules requiring nail salons to post a wage bond to ensure workers are paid all wages legally owed to them. The bond gives the State a fund to draw on if a salon owner fails to pay employees properly, and helps protect salons from costly wage-and-hour penalties by encouraging compliant payroll practices.

The required bond amount is based on the number of full-time-equivalent individuals providing nail specialty services at your salon:

• 2–5 employees — $25,000 bond
• 6–10 employees — $40,000 bond
• 11–25 employees — $75,000 bond
• More than 25 employees — $125,000 bond

Obligee  -  New York Department of State, Division of Licensing Services

Bond Term  -  12 months — must be renewed annually to remain in compliance

Who Must File  -  Nail salon owners with 2 or more full-time-equivalent nail specialty workers

Premium  -  Based on bond amount and applicant credit — we shop multiple sureties for the best rate available to you.  If qualified, the annual premium for the $25,000 Bond with our preferred Surety is $250.00.

• Complete the short order form.
• We confirm your required bond tier based on your employee count and review your information.
• We shop our surety markets for the best rate — including options for owners with credit challenges.
• Receive your personalized quote, typically within one business day.
• Approve and pay; we issue your bond for filing with the Department of State.