Business Service Bond
Business Service Bonds, also known as Employee Dishonesty Bonds, provide protection against financial liability for the loss of a customer's money, securities, and personal property caused by dishonest acts of the employees of the insured while on the customer's premises upon conviction. Limits for this coverage range from a minimum of $2,500 to a maximum of $1,000,000. Some of the more frequently requested bonds are for contractors, temporary employment agencies, home health care, janitorial services, house/pet sitting services and security guard services.
Business Service Bonds are freely written at the lower bond amounts. Premium is based on the bond amount and number of employees. Discounts are given when the premium is paid for multi-year terms. Most small businesses pay approximately $100/year for their bond.
Business Service Bonds are an excellent way to set you apart from your competition. Be sure to inform your potential clients at you are bonded!