Business Services Bond 3b. ($10,000) - 7 to 15 employees — required surety bond in Federal. Apply online in minutes.
A Business Services Bond is a type of fidelity bond that protects your clients from financial losses caused by the dishonest acts of your employees while working on a client's premises. It guarantees compensation if a staff member commits theft, larceny, or fraud against a customer. This specific classification is designed to cover businesses operating with a staff size of seven to fifteen employees.
This bond is typically needed by service-based companies that send employees to work in customers' homes, offices, or secure facilities. Common examples include janitorial services, pest control companies, pet sitters, home health care providers, and moving companies. Additionally, any business wanting to build consumer trust by advertising as 'bonded' often utilizes this coverage.
Clients generally require or look for this bond to ensure their personal property and assets are protected when allowing outside workers into their private spaces. It serves as a financial safety net, transferring the risk of employee theft from the customer to a surety company. Because contractual requirements vary, businesses should verify specific guidelines with their clients or industry associations.
You can quickly request your coverage by clicking Apply Now to access our secure online application. The process takes about five minutes to complete from your computer or mobile device. Once processed and approved, your bond will be conveniently delivered by email.
No, business services bonds specifically protect your clients against employee theft, fraud, or dishonesty. They do not cover general business liability, personal injury, or accidental property damage.
Premiums vary based on the specifics of your business, the requested coverage, and your application details. Please apply online with Noah Insurance Agency or call us at 814-718-0060 for an exact quote.
If your staff size increases beyond fifteen employees or drops below seven, you will likely need to adjust your bond classification. Contact Noah Insurance Agency to update your coverage to reflect your current workforce.
Statutory and contractual requirements vary widely depending on your specific industry, municipality, and the client you are serving. Always verify any legal or contractual bonding rules directly with the requesting agency or client.
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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