Business Services Bond 6b. ($100,000) - 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 loss caused by employee theft, fraud, or dishonest acts. It provides a guarantee that if an employee steals money or property while working on a client's premises, the affected client can be compensated up to the bond's coverage limit.
This bond is typically utilized by service-oriented companies whose employees regularly enter clients' homes or private offices. It is highly recommended for businesses such as cleaning services, pet sitters, home healthcare agencies, and contractors. This particular classification is designed for growing businesses that employ between seven and fifteen staff members.
Clients often require businesses to carry this bond to safeguard their personal property and assets while third-party workers are on-site. Even when not legally mandated, holding a business services bond builds trust and gives companies a competitive edge during the bidding process. It assures clients that they have financial recourse in the event of employee dishonesty.
Simply click Apply Now to start our secure online application, which takes about 5 minutes to complete. Once processed, your bond will be delivered by email for your convenience. If you need assistance, contact Noah Insurance Agency nationwide at 814-718-0060.
Premiums vary based on your business details, background checks, and the requested coverage limits. Please apply online for an exact figure, as specific prices cannot be determined without an application.
Appropriate bond amounts vary depending on the value of the assets your employees access and specific client requirements. Always verify with your clients or issuing agency to determine the exact coverage limit you need.
Coverage terms for non-W2 workers vary by policy and underwriter. You must verify with the issuing agency whether independent contractors or temporary staff are included under your specific bond.
No, general liability insurance covers third-party bodily injury and accidental property damage. A business services bond specifically covers financial losses resulting from intentional dishonest acts or theft by your employees.
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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