NAIL SALON WAGE BOND FOR NEW YORK

Pick up bond today in Queens or Print it out via Email.

The number employees determine the amount of the bond that you will need.

Most Nail Salons that employ less than 5 nail salon worker require the $25,000 bond.

Click here for the types of bonds that we offer and information on the Surety Companies that we use. All are licensed in New York State.

Call us at 718-651-4436. Over 30 years in business.

Consumers Coverage Corp.

75-12 Roosevelt ave

Jackson Heights, NY 11372.

Telephone: 718-651-4436

Frequently asked questions about the requirement.

Click here for the NY Department of State FAQ page.

https://dos.ny.gov/system/files/documents/2021/03/wage-bond-faqs.pdf

  1. Why is New York State requiring wage coverage?
    The Department of State enacted new regulations imposing additional bonding and insurance
    requirements to prevent potential abuses by unscrupulous business owners. This coverage will provide
    protection to nail salon workers who may not be paid legal wages.
  2. Who is required to obtain wage coverage?
    All appearance enhancement businesses that employ the equivelant of two or more individuals on a full
    time basis to provide nail specialty services must procure wage coverage. This coverage generally can
    be obtained through purchase of a wage bond.
  3. When did the requirement to maintain wage coverage become law?
    The wage coverage requirement became effective on July 1, 2015.
  4. Does every salon need to obtain wage coverage?
    No, not all appearance enhancement businesses are required to obtain wage coverage. These requirements
    only apply to those businesses that employ the equivelant of two or more full time individuals to provide nail
    specialty services.
  5. How much coverage is required?
    The amount of coverage required depends on the number of individuals employed.
    • At least $25,000 if you employ the equivalent of two to five full time individuals who provide nail
    specialty services
    • At least $40,000 if you employ the equivalent of six to ten full time individuals who provide nail
    specialty services
    • At least $75,000 if you employ the equivalent of 11 to 25 full time individuals who provide nail
    specialty services
    • At least $125,000 if you employ the equivalent of 26 or more full time individuals who provide nail
    specialty services.