Indiana Professional Employer Organization Bond

New Indiana surety law affects professional employer organizations within the state. The new law is named HB 1486 and modifies the financial requirements concerning professional employer organizations. Previous legislation required a professional employer organization to sustain a minimum net worth of $50,000 or acquire a minimum bond of $50,000. HB 1486 requires the professional employer organization to sustain a positive working capital; if it can’t it must obtain a surety bond to make up for the deficit, and an additional $100,000.

Eric is the Chief Marketing Officer of JW Surety Bonds. With years of experience in the surety industry, he is also a contributing author to the surety bond blog. He has held a range of different roles within the surety industry, from agent assistant to bond issuer, which gives him a unique insider perspective on surety related topics.

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