Business Service Bond
A business service surety bond protects you and your business from any loss incurred from dishonest acts by your employees. While an employee dishonesty bond covers against dishonest acts against you and your company, the business service bond protects you against dishonest acts committed by your employees and against your clients and customers.
Why do you need one?
Most importantly, your customers will be glad to know that your employees are bonded in case any mishap arises.
A business service bond can also serve as a deterrent against employee dishonesty. Workers know the bond company will investigate any illicit or dishonest acts.
Business service bonds are intended for an array of business, including but not limited to:
- Janitorial Service
- Pest Control Services
- General Repair Services
- Pool Cleaning
- Security Guard
- Carpet Cleaning
- Appliance Repair
- Locksmiths
- Painters
- Pet Sitters
- Moving Companies
- and more...
How do you get a business service bond?
Getting a business service bond is very easy. All we will need from you is to fill out a short application and in most cases we can get your bond back to you the same day. We will need to know how much coverage you want and how many employees and owners you have.
Coverage amounts vary from $5,000 to $100,000 and your bond can be issued for 1 or 3 years depending on your preference.
How much does this bond cost?
Business service bonds are considered very inexpensive for the degree of protection and consumer confidence they provide. A $5,000 bond for five or fewer employees can be issued for as little as $100 a year while a $100,000 bond for up to 20 employees can carry a premium less than $650 a year.
