Janitorial Service Bond
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What is the cost of a janitorial service bond?
Janitorial service bond costs start at $125 for a 1-year term. Your exact surety bond cost (or bond premium) depends on the number of employees you have and the bond amount (or coverage amount) you choose. Annual pricing for cleaning companies with 5 or fewer employees are as follows.
- $125 for $10,000 coverage
- $175 for $25,000 coverage
- $250 for $50,000 coverage
- $350 for $100,000 coverage
Bond costs increase slightly for companies with more than 5 employees.
How do you get a janitorial cleaning service bond?
You can buy your janitorial cleaning service bond online 24/7. Select the option best suited for your cleaning company based on your business size and desired coverage amount to buy your bond securely online in minutes. Once your payment is received, your official janitorial surety bond will be delivered to your email instantly.
How long does it take to get a janitorial services bond?
SuretyBonds.com offers instant janitorial surety bond delivery 24/7. Purchase now to receive your official bond delivered in minutes by email.
What is a janitorial service bond?
Unlike an insurance policy that protects your cleaning business, a janitorial service bond protects your customers if an employee steals while on the job. These bonds give your customers peace of mind to know they've chosen a credible cleaning company that's looking out for their best interests. Once you have your janitorial service bond in hand, you can promote the fact that you're bonded in your marketing efforts to build a trustworthy business reputation and help potential customers feel more confident in your company.
Is there a difference between a cleaning service, janitorial, or business service bond?
No, cleaning service, janitorial service, and business service surety bonds are all the same type of fidelity bond that offer the same kind of protection. "Janitorial service bond" is simply the term most commonly used when a residential or commercial cleaning company business owner buys a fidelity bond.
Watch the video below to learn more about janitorial service bonds are and why businesses should purchase these business service bonds.
What kind of businesses get bonded?
Housekeeping companies, maid services, carpet cleaners, and residential/commercial cleaning companies purchase these bonds to protect against dishonest employees who work onsite at their clients' homes or businesses.
Review our business service bond page to learn about other business types that purchase fidelity bonds to protect their clients against employee theft.
Why do you need a janitorial service bond?
If you're a business owner of a cleaning company, you and/or your employees enter the personal spaces of your customers on a daily basis. Can you trust all of your employees? Even if you've never encountered an incident and have the utmost trust in your staff, the reality is you, your business, and your employees are easy targets for blame if something goes missing in a client's home or business. Purchasing a janitorial surety bond can reassure your clients that you're looking out for their best interests.
What are the benefits of getting a janitorial service bond?
Cleaning service bonds reassure clients of your company's professional integrity. A newly founded business generally does not have a lot of time to accumulate wealth, so it could easily fail if an employee steals from a client. A janitorial service bond can mitigate the risk of business failure due to employee theft because the bond would cover client damages resulting from theft for valid claims.
What do janitorial services bonds cover?
With this bond in place, you protect customers from losses incurred as a result of employee theft committed by employees while engaged in cleaning services. Note that janitorial service bonds are not:
- general liability insurance, commercial liability insurance, or professional liability insurance
- contract bonds that guarantee contract fulfillment
How do I determine my bond amount?
To determine which bond amount is best for your company, consider where your employees work. If you provide cleaning services for larger venues, your clients might expect a higher bonding limit. For example, a bank would likely expect a higher fidelity coverage limit than an individual homeowner. If you have a particular client requesting proof of your surety bond before signing a service agreement, ask them if there's a specific coverage limit they expect.
How do I update or change information on my bond form?
If you need to update you surety bond documentation for any reason, contact your surety provider. If you purchased your bond from SuretyBonds.com, email [email protected] to explain the needed change.
The most common changes for these bonds include updating your business name, company size, or coverage amount.
How do I renew my bond?
You should always renew your janitorial services bond before your current term expires. Once you pay your SuretyBonds.com renewal invoice, you'll receive renewal instructions about your bond's next term.
Call 1 (800) 308-4358 to talk with a Surety Expert today.