Nevada — Employee Leasing Company Bond
The Nevada Employee Leasing Company Bond is a financial instrument required for certain Professional Employer Organizations (PEOs) operating in Nevada. It serves as security for the payment of taxes, wages, benefits, and other entitlements should an applicant fail to demonstrate sufficient working capital through audited financial statements.
Continue to our secure checkout partner, Propeller (opens in a new tab).
- Recorded state
- Nevada
- Bond type
- PEO / Employee Leasing Bond
- Category
- Employment, wages & benefits
What this bond does
The bond functions as a financial safeguard to ensure that PEOs remain solvent and capable of meeting their obligations to employees and the state. It is specifically utilized when a PEO applicant cannot demonstrate positive working capital as defined by generally accepted accounting principles during the registration or renewal process with the Office of the Labor Commissioner.
- Who needs it
- This requirement applies to Professional Employer Organizations seeking initial licensure or renewal in the State of Nevada. PEOs that do not meet the mandated working capital thresholds through their audited financial statements must provide this bond, an irrevocable letter of credit, or securities to secure their financial commitments.
- Who it protects
- The bond protects the State of Nevada and the PEO's employees by securing the payment of required taxes, wages, benefits, and other financial entitlements. It provides recourse in the event the PEO fails to meet these obligations, functioning as an assurance of financial responsibility.
Your bond option
This is the option on record for this bond.
- Bond optionPurchase Now (opens in a new tab)Continue to our secure checkout partner, Propeller (opens in a new tab).
The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.
Sources
- Nevada Office of Labor Commissioner PEO Application (opens in a new tab)Checked October 18, 2026
Have these ready
- Compile a complete set of audited financial statements that cover the required period as defined in NRS 616B.679.
- Calculate the working capital deficiency to determine the required bond amount, ensuring the $100,000 threshold is included.
- Obtain notarized signatures from all partners or corporate officers on the registration declaration page.
- Verify that the business holds valid workers' compensation insurance for both internal staff and all client companies listed in the application.
Questions about this bond
When is a bond required for a Nevada PEO license?
A bond is required when a PEO applicant cannot demonstrate positive working capital in their audited financial statements, as required by NRS 616B.679.
What is the minimum bond amount?
The bond must cover the maximum deficiency in working capital plus an additional $100,000.
Who must sign the PEO application?
The application must be signed and notarized by the sole proprietor, each partner, or each corporate officer of the Professional Employer Organization.
How often must the PEO license be renewed?
PEO licenses expire on September 30 each year, and renewal is the responsibility of the license holder.