Nail salon owners in New York must secure bonds against wage claims by Oct. 6 or face fines and penalties under a new state law, Gov. Andrew M. Cuomo (D) announced Aug. 10.
The deadline date is 60 days from Aug. 7, when the state department of financial services sent a letter certifying the ready availability of bonds or liability insurance to cover financial guarantee requirements required of nail salons.
The department, in a required determination, said it had identified nine insurers and numerous agents and brokers that intend to offer the nail salons bond or liability insurance products.
The ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.