Surety Bonds Ohio:

Professional Employer Organization (PEO)

Professional Employer Organization (PEO) Bond- ﾓProfessional Employer Organizationﾔ means a sole proprietor, partnership, association, limited liability company, or corporation that enters into an agreement with one or more client employers for the purpose of co-employing all or part of the client employer's workforce at the client employer's work site.

This Surety Bond guarantees that the principal shall pay the semi-annual workers' compensation premiums on a timely and accurate basis, according to the terms, provisions, and limitations of the law, the adopted administrative regulations, and the written agreements with the client employers.