Maine Paid Family and Medical Leave Self-Insurer Surety Bond — required surety bond in Maine. Apply online in minutes.
A Maine Paid Family and Medical Leave Self-Insurer Surety Bond is a financial guarantee for employers who choose to self-fund their employee leave programs. It ensures that the employer has the financial backing to pay all covered family and medical leave claims if they default on their obligations.
Maine employers who elect to establish a private, self-insured plan for paid family and medical leave benefits generally need this bond. The state authority requires it as a condition of approving the employer's self-insured status.
The obligee requires this bond to protect Maine workers and the state's central leave fund from financial harm. If a self-insured employer fails to pay valid employee leave claims or becomes insolvent, the bond guarantees the necessary funds are available to cover the owed benefits.
Click Apply Now to complete our secure, five-minute online application. Once your application is processed, Noah Insurance Agency (licensed nationwide, 814-718-0060) will deliver your bond directly to you by email.
Premiums vary based on the total bond amount required and the financial profile of the applicant. To find out your exact cost, please apply online for a free quote.
Required bond amounts vary depending on factors like your business size and expected leave obligations. Always verify your specific bond amount requirements with the issuing agency before purchasing your bond.
Processing times vary depending on individual underwriting needs and financial review. Submit your secure online application to receive an exact timeline and rate.
Renewal requirements vary depending on the terms set by the obligee and the status of your private leave plan. You should verify your specific renewal schedule directly with the state agency overseeing the program.
Send us a note or call 814-718-0060 — a licensed agent will confirm the bond amount and requirements for you.
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