Business Services Bond 2c. ($5,000) - 16 or more employees — required surety bond in Federal. Apply online in minutes.
A Business Services Bond is a fidelity bond that protects your clients from financial loss due to dishonest acts, such as theft, committed by your employees while on a client's premises. It guarantees that clients will be compensated if an employee steals their property or funds. This coverage provides peace of mind when your staff works directly in homes or offices.
This bond is typically needed by businesses that send employees, particularly larger teams, into clients' homes or private offices to perform services. Common examples include janitorial services, pest control companies, home healthcare providers, moving companies, and pet sitters. Any service-based company wanting to build trust with prospective clients often secures this bonding.
Clients generally require this bond to ensure they are financially protected before allowing a company's staff access to their personal belongings or sensitive business assets. It serves as a tangible demonstration of your company's professionalism and accountability. If employee theft occurs, the bond provides a mechanism for the client to recover their losses.
Getting your Business Services Bond through Noah Insurance Agency is simple and fast. Just click Apply Now to complete our secure, approximately 5-minute online application. Once your application is processed, your bond will be delivered directly to you by email.
Premiums vary based on the specific coverage limits chosen and the size of your workforce. Please apply online with Noah Insurance Agency or call us at 814-718-0060 for an exact quote.
Bond requirements vary based on your clients' expectations and the level of protection you wish to provide, rather than strict legal statutes. You should verify required coverage amounts with your clients or apply online to see available options.
Coverage details vary by policy, but these bonds typically cover W-2 employees rather than 1099 independent contractors. We recommend verifying specific coverage definitions with the issuing agency.
Approval times vary depending on the applicant's details and the underwriting process. To determine your exact timeline and figures, please complete our secure online application.
Send us a note or call 814-718-0060 — a licensed agent will confirm the bond amount and requirements for you.
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