Business Service Bond Guide

Small businesses often purchase a surety bond to instill trust with clients or meet contract requirements. Learn how to navigate the bonding process and determine what coverage is right for your business with this guide.

Bond Overview

• Purpose: To protect business clients and customers from potential employee theft
• Who Needs It: Optional, but recommended, for service-based businesses
• Bond Amounts: $10,000, $25,000, $50,000 or $100,000
• Premium Rates: $125–$350, based on the coverage amount

What Are Business Services Bonds and Who Needs Them?

Business service bonds protect clients and customers from potential employee theft. New business owners can use this type of fidelity bond to build consumer trust. Plus, many potential clients require proof that a business is bonded before awarding a job.

How Much Does a Business Service Bond Cost?

Business service bond pricing varies depending on your company size and bond amount. Annual premiums start at just $125 per year for a $10,000 bond, $175 for a $25,000 bond, $250 for a $50,000 bond, or $350 for a $100,000 bond.

SuretyBonds.com never charges extra fees, so the price you pay is exactly as advertised.

Watch the video below to learn more:

Why Choose SuretyBonds.com?

SuretyBonds.com is the nation’s top surety provider. We offer the best service, fastest delivery and most affordable business service bond prices in the industry. 

How Do I Get a Business Service Bond?

Simply indicate your company size and desired bond amount using the form on this page. You'll be directed to our secure payment portal where you can buy your surety bond online.

To instantly issue your business service bond, we'll need the following information.

• Company name
• Company address 
• Desired bond amount
• Number of employees 
• The type of work your company performs

Which Types of Businesses Should Get a Business Service Bond?

These bonds are particularly important for companies that frequently work in homes or other businesses. Below are common business types that purchase business services bonds:

• Appliance Repair
• Burglar Alarm Installer
• Carpet Cleaning
• Child Care
• Food Catering
• General Repair Service
• Health Care
• Home Photographer
• Interior Decorator
• Janitorial Service
• Lawn Service
• Locksmith
• Maid Service/Housekeeper
• Messenger Service
• Moving Company
• Painter
• Pest Control Service
• Pet Sitter
• Plumbing Contractor
• Pool Cleaning
• Security Guard
• Temporary Employment Agency
• Window/Gutter Cleaning

Which Bond Amount Should I Choose?

The most important thing to consider when deciding how much coverage you need is where your company will be providing service. Because business service bonds protect your clients from theft committed by employees, some business types require greater bond amounts than others. 

For example, a small service company that works in large commercial buildings or banks might choose to purchase a higher level of coverage than a company with more employees that works in residential homes.

For your convenience, here is a quick chart of suggested bond amounts:

Please note that these are suggestions only and may not accurately reflect your specific coverage needs.

What Does a Business Service Bond Cover?

Business services bonds cover employee theft that occurs on a client's property and protect the business from financial loss if an employee acts dishonestly. 

It’s important to note that business service bonds are not:

• General liability insurance, commercial liability insurance, or professional liability insurance
• Contract bonds that guarantee contract fulfillment