Business Services Bond 5a. ($50,000) - 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 financial loss due to employee theft, larceny, or fraud. It guarantees that if an employee steals from a client's home or office while providing services, the client can be compensated for the loss.
This bond is typically utilized by service-based businesses that send workers into customers' homes or private commercial spaces. Common purchasers include janitorial services, pet sitters, home healthcare providers, and independent contractors with six or fewer employees.
Clients often require service providers to be bonded before allowing them access to their private property or sensitive assets. Having this bond in place builds trust, providing customers with peace of mind that they are financially protected against potential employee misconduct.
Applying for your Business Services Bond is simple and efficient with Noah Insurance Agency. Just click Apply Now to complete a secure, five-minute online application. Once processed, your bond documents will be delivered directly to you by email.
Premiums vary based on the specific details of your business and standard underwriting factors. Please apply online or call Noah Insurance Agency at 814-718-0060 for an exact price.
No, a Business Services Bond specifically covers intentional acts of employee theft and dishonesty. It does not cover accidental property damage or injuries, which typically require separate liability insurance.
Bond terms and classifications vary based on staff size. If your team grows beyond six employees, verify your updated needs with the issuing agency or contact us to adjust your coverage accordingly.
Legal requirements vary depending on your specific jurisdiction, industry, and the private contracts you secure. Always verify your exact bonding requirements with your local agency or the client requesting the bond.
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