Louisiana Tutor's Bond is a type of surety bond that is required by the State of Louisiana to protect students from possible financial losses due to the negligent or fraudulent behavior of their private tutors. The Louisiana Tutor's Bond guarantees that the tutor will be held financially responsible for any financial losses incurred by their clients. The bond is an agreement between the tutor and the surety company, and it requires the tutor to pay the surety company for any losses that may be incurred. There are two types of Louisiana Tutor's Bonds: the Contractor's and the Personal Tutor's Bond. The Contractor's Bond is required for all tutors that are doing business as a contractor or hired tutor. The Personal Tutor's Bond is required for all tutors that are teaching for their own business and are not employed by another person or organization. Both of these bonds must be purchased from a licensed surety company and must be for the exact amount specified by the State of Louisiana.