Business Services Bond 7c. ($150,000) - 16 or more employees — required surety bond in Federal. Apply online in minutes.
A Business Services Bond, often referred to as a janitorial or fidelity bond, protects a business's clients from theft, larceny, or fraud committed by the business's employees. It guarantees that the bonded company will reimburse the client for covered losses if an employee steals money or property while working on the client's premises. Specific coverage details and conditions depend on the policy selected.
Businesses that send employees to work at clients' homes or offices typically need this coverage, particularly larger firms with multiple employees. Common industries include janitorial services, home healthcare, pet sitting, landscaping, and moving companies. Any enterprise looking to build trust and protect its clients against employee dishonesty should secure this bond.
Clients and obligees generally require a Business Services Bond to ensure they have financial recourse if a contractor's employee commits theft on their property. It serves as a strong risk management tool, demonstrating the service provider's credibility and financial responsibility. Because statutes and stipulations differ, requirements vary and you should verify with the issuing agency or apply online for exact figures.
To get started, click Apply Now to complete our ~5 minute secure online application. Our team at Noah Insurance Agency will promptly process your request so you can review your options. Upon approval and payment, your bond will be delivered by email.
Premiums vary based on factors like your business type, employee count, and the requested coverage parameters. Please apply online with Noah Insurance Agency or call 814-718-0060 for exact figures.
Legal requirements vary by jurisdiction, industry, and individual client contracts. Always verify specific coverage mandates with the issuing agency or the client requesting the bond.
No, a Business Services Bond typically covers theft committed by your employees on a client's property. For internal theft protection at your own business, you generally need a separate commercial crime or employee dishonesty policy.
Approval times vary depending on the specifics of your application and underwriting guidelines. Apply online to receive exact figures and turnaround times.
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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