Business Services Bond 4b. ($25,000) - 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 a business's clients from financial loss due to employee theft, larceny, or fraud while working on the client's premises. It guarantees that clients will be compensated if your employees steal money, equipment, or personal belongings.
This bond is typically needed by businesses that send employees into a client's home or office, such as cleaning services, pet sitters, home health care providers, and moving companies. Companies with a staff of 7 to 15 employees often secure this specific bond tier to adequately cover their growing workforce.
Clients often require businesses to carry this bond to ensure their property is financially protected when granting workers access to their private premises. It provides peace of mind to the customer and demonstrates that the business takes responsibility for its employees' actions.
Click the Apply Now button to complete our secure online application in approximately 5 minutes. Once your application is reviewed and approved, your official bond documents will be delivered directly to you by email. For any assistance during the process, contact Noah Insurance Agency at 814-718-0060.
It specifically covers financial losses incurred by your clients due to theft or dishonest acts committed by your employees while on the client's property.
Premiums vary based on underwriting factors and the coverage limits you select. To get an exact price, please apply online through Noah Insurance Agency.
While not always required by federal or state law to obtain a business license, many clients and private contracts mandate it. Requirements vary, so always verify with your contracting agency or client.
Bond amounts vary depending on client demands and the value of the property your employees access. You should verify the exact figure needed with your client or obligee before submitting your 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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