Business Services Bond 7b. ($150,000) - 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 due to theft or dishonest acts committed by your employees. This specific classification generally covers service businesses operating with a mid-sized team of 7 to 15 employees. It guarantees that clients will be reimbursed if a worker steals money or personal property while on the client's premises.
This bond is typically needed by service-based businesses whose employees regularly enter client homes, offices, or private properties. Common examples include janitorial companies, pet sitters, home healthcare providers, moving companies, and landscapers. Any business relying on a team of employees to perform on-site services should consider this coverage to build trust and protect their reputation.
Clients and obligees often require this bond to mitigate the financial risk of property theft when granting external workers access to sensitive or valuable areas. Having this bond demonstrates your company's financial responsibility and provides peace of mind to your customers, often serving as a competitive advantage. Because specific requirements vary, you should always verify the exact coverage needs directly with the requesting client or agency.
Applying for your Business Services Bond is quick and easy with Noah Insurance Agency. Simply click Apply Now to complete our secure, approximately 5-minute online application. Once processed, your bond will be delivered conveniently by email.
Premiums and exact bond amounts vary based on your business details and the requested coverage limits. Please apply online with Noah Insurance Agency or call us at 814-718-0060 for exact figures.
No. While general liability insurance covers accidental property damage and bodily injury, a business services bond specifically protects your clients against theft, fraud, or dishonest acts committed by your employees.
Approval times vary depending on the application details and underwriting factors. Complete our secure online application to start the process and determine your timeline.
Coverage rules regarding W-2 employees versus 1099 independent contractors can vary. You will need to verify the exact terms with the issuing agency to ensure all your workers are properly covered under the bond.
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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