Business Services Bond 6c. ($100,000) - 16 or more employees — required surety bond in Federal. Apply online in minutes.
A Business Services Bond protects a company's clients from financial loss caused by employee theft while working on the client's premises. This specific classification is designed for service businesses with 16 or more employees. It acts as a guarantee that clients can be reimbursed if a worker steals money, equipment, or personal property during a job.
Service-based businesses that regularly dispatch employees to a client's home or commercial space typically need this coverage. Common examples include janitorial services, home health care agencies, moving companies, pet sitters, and contractors. This particular bond tier is suited for mid-sized to larger operations with a workforce of 16 or more individuals.
Clients and facility managers often require a business to be bonded before awarding a contract to ensure their property is protected against employee dishonesty. Requiring this bond provides consumers with financial recourse and peace of mind when allowing outside workers into their private spaces. Since coverage expectations vary, businesses should verify specific requirements directly with their clients.
Getting bonded is simple with Noah Insurance Agency. Click Apply Now to complete our secure, approximately 5-minute online application. Once your application is processed, your bond will be delivered directly to you by email.
Premiums vary depending on your business type, application details, and underwriting criteria. To get an exact price, please apply online or call Noah Insurance Agency at 814-718-0060.
While typically not required by state or federal law to obtain a basic business license, many private clients or commercial contracts stipulate that you must carry this bond. Always verify specific contractual requirements with the requesting party.
No, a business services bond is designed specifically to protect your clients from theft committed by your employees on their property. If you need coverage for employees stealing directly from your own business coffers, you would need a different type of commercial crime or fidelity policy.
Yes, business services bonds must be renewed periodically to maintain active coverage for your clients. Renewal requirements vary, so check your specific policy details or contact Noah Insurance Agency.
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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