California - Voluntary Unemployment Plan Guarantee — required surety bond in California. Apply online in minutes.
A California Voluntary Unemployment Plan Guarantee bond is a surety bond that ensures employers fulfill their obligations when offering a private disability and paid family leave plan. It guarantees that employees will receive their entitled benefits and that the employer will remit all necessary administrative assessments to the state.
This bond is typically required for California employers who choose to establish a Voluntary Plan (VP) for short-term disability and paid family leave. It applies to businesses opting out of the standard California State Disability Insurance (SDI) program in order to self-insure their employees' benefits.
The state requires this bond to protect employees and state funds from financial loss. If an employer defaults on their Voluntary Plan or fails to pay valid employee claims, the bond acts as a financial guarantee that the benefits and state assessments will still be paid.
Click Apply Now to start our secure, ~5 minute online application with Noah Insurance Agency (licensed nationwide, 814-718-0060). Once processed, your official surety bond will be delivered directly to you by email.
Premiums vary based on the required bond amount and the applicant's financial credentials. Please apply online with Noah Insurance Agency for an exact quote.
Bond amounts vary depending on factors like your payroll size and the specifics of your Voluntary Plan. You must verify your exact required bond amount directly with the issuing agency before applying.
Approval times vary depending on the underwriting requirements for your specific application. Submitting a complete online application is the best way to determine your timeline.
No, this specific bond is strictly for employers operating an approved Voluntary Plan for disability and paid family leave in California. Requirements vary for other unemployment obligations, so always verify your needs with the issuing agency.
Send us a note or call 814-718-0060 — a licensed agent will confirm the bond amount and requirements for you.
Noah Insurance Agency · Licensed Nationwide