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Mississippi unemployment fund bonds.
From $100.

The Mississippi Department of Employment Security can require a reimbursing employer to post a bond securing the unemployment benefit costs it owes the trust fund. MDES sets the amount on your notice, and pricing starts from $100.

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Required by MDES when a reimbursing employer must secure its unemployment liabilities

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Amount set by MDES — based on your reimbursable benefit exposure, not a number we invent

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A quick soft credit check applies — never a hard inquiry, priced at 2% of the bond amount with a $100 minimum

From $100priced at 2% of the bond amount, $100 minimumExactprice at the applicationSoft pullnever a hard inquiry

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How it works

Three steps. One sitting.

Enter the amount MDES set, consent to a soft credit pull, and file. Here's the whole thing:

TODAY · ONLINE

Apply online

Your business details, the bond amount MDES required, the effective date, and a one-time consent to a soft credit pull — that is the entire application.

RIGHT AWAY

Approved

Most are approved as soon as you apply. The credit check is a soft pull that never affects your score. If it needs a second look, one to two business days at most.

SAME DAY

File with MDES

Receive the executed bond ready to file with the Department of Employment Security. Wet-ink originals mailed whenever the department insists.

About this bond

What it is and who needs it.

What the unemployment fund bond actually covers

Most Mississippi employers pay unemployment taxes (contributions) into the state trust fund. But certain employers — typically nonprofits and government entities — can elect to be reimbursing employers instead, repaying the fund dollar-for-dollar for benefits actually paid to their former workers. The Mississippi Department of Employment Security can require those employers to post security.

The bond secures the reimbursable benefit amounts you owe the trust fund. It's a financial backstop: if a reimbursing employer fails to repay the benefits charged to its account, MDES can recover against the bond so the fund isn't left short.

It's a three-party arrangement: you (the principal), the surety carrier, and MDES (the obligee). The amount is set by MDES based on your benefit exposure — and if the surety pays a claim, you repay the surety. Enter the amount required and pricing starts from $100, with a quick soft credit check that never affects your score.

Miss. Code ch. 71-5 / MDES (reimbursing employer security)Mississippi's Employment Security Law (Mississippi Code chapter 71-5) lets certain employers elect to reimburse the unemployment trust fund for benefits paid rather than pay regular contributions, and authorizes the Department of Employment Security to require security from those reimbursing employers. The bond amount is set by MDES based on your reimbursable benefit exposure — confirm the required amount on your MDES notice.

You need this bond if you are

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A nonprofit electing reimbursing-employer status that MDES asked to post security

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A government or quasi-government entity reimbursing the trust fund for benefits paid

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A new reimbursing employer MDES wants bonded before approving the election

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Renewing or increasing a bond MDES recalculated for your benefit exposure

One application, soft pull only.

Submit the application with the bond amount MDES set and a one-time consent to a soft credit pull — your bond is issued when you pay.

Start the application →

FAQ

Common questions.

How much is the Mississippi unemployment fund bond?Pricing is variable — from $100 — and depends on the bond amount MDES sets based on your reimbursable benefit exposure. Pricing is 2% of your bond amount, with a $100 minimum. Enter the figure on your notice and your exact price appears at the application.

Who has to post this bond?Reimbursing employers — typically nonprofits and government entities that repay the trust fund for benefits paid rather than paying regular unemployment contributions — when MDES requires security for their liabilities.

Is there a credit check?Yes — a quick soft credit check, which never affects your score. It informs approval, not price.

What does the bond protect against?It secures the reimbursable unemployment benefit amounts you owe the trust fund. If you fail to repay benefits charged to your account, MDES can recover against the bond — and if the surety pays, you repay the surety.

What amount should I enter if I'm not sure?Use the figure on your MDES notice — that is the amount they require. If you do not have it yet, send us the notice and we will confirm before issuing.

Which A-rated carriers underwrite these bonds?Typically Arch Insurance Company (A.M. Best A+) or Nationwide Mutual Insurance Company (A.M. Best A). Which one writes your bond depends on the bond type and your state. The carrier's name and official signature are printed on the bond you receive.

How do I contact Light RFP about this bond?Email insurance@lightrfp.com. It reaches the bond team at Light RFP Risk Management Services LLC (NY DFS License # PC-1978982). Write to us about quotes, applications, bond forms or certificates. We will respond within 24 hours.

Related bonds

Other Mississippi bonds.

Unemployment fund bond, issued today.

Pricing from $100, soft pull only. Enter the amount MDES set and file the same day.

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