Business Services Bond 4a. ($25,000) - 6 or less 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 theft, fraud, or dishonest acts committed by your employees. It guarantees compensation to the client if an employee steals their money, equipment, or personal belongings while performing contracted services. This coverage provides peace of mind to clients who allow your employees onto their property or into their homes.
Small businesses with six or fewer employees who regularly visit clients' homes or offices typically utilize this bond. Common examples include residential and commercial cleaning services, dog walkers, house sitters, landscapers, and home repair contractors. Any service-based business wanting to build trust and market themselves as bonded should consider securing this coverage.
Clients often require or prefer to hire bonded businesses to ensure they have financial recourse in the event of employee theft. Obligees want assurance that their personal property and assets are protected when granting access to third-party workers. Holding this bond demonstrates professional accountability and helps small businesses secure contracts that mandate fidelity coverage.
Click the Apply Now button to start your roughly 5-minute secure online application. Our streamlined process gathers the necessary information to determine your exact coverage options. Once approved and processed, your bond will be delivered directly to your inbox by email.
This bond generally protects clients from the dishonest acts of your employees, though owner coverage can sometimes be added. Coverage details and requirements vary, so verify policy specifics with the issuing agency.
While not typically required by law for basic business licensing, many clients or commercial contracts will mandate that your business be bonded before work can begin. Always verify specific requirements with your clients or contracting agencies.
Premiums vary based on the specifics of your business, location, and application details. Apply online with Noah Insurance Agency or call us at 814-718-0060 for exact figures.
If a client provides proof that an employee committed theft, they can file a claim against the bond for compensation. If the surety pays a valid claim, the business owner is responsible for reimbursing the surety company for the payout.
Send us a note or call 814-718-0060 — a licensed agent will confirm the bond amount and requirements for you.
Noah Insurance Agency · Licensed Nationwide