Business Services Bond 9a. ($250,000) - 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 or dishonest acts. It guarantees that customers will be compensated if an employee steals money or personal belongings while working on the client's premises.
This bond is typically needed by businesses whose employees regularly visit or work inside customers' homes or offices. Common examples include cleaning services, pet sitters, home health care providers, and general repair services operating with a small staff.
Clients often require this bond to ensure they have financial recourse in the event of employee theft or dishonest acts. Having this bond in place builds trust and demonstrates that the business takes responsibility for its workforce. Exact requirements vary, so always verify details with your contracting party.
Applying for your bond is simple with Noah Insurance Agency. Click the Apply Now button to complete a secure online application in about five minutes. Once processed, your bond will be delivered directly to you by email.
Premiums vary based on the bond amount requested and the specific details of your business. To get an exact figure, please apply online or call Noah Insurance Agency, licensed nationwide, at 814-718-0060.
Legal requirements vary widely by jurisdiction and industry. While it may not always be a statutory requirement, many clients mandate it before allowing workers onto their property, so always verify with the requiring party.
No, business services bonds specifically cover intentional wrongful acts like theft or fraud committed by employees. Accidental damage is generally covered by a commercial general liability insurance policy.
If a client files a valid claim for employee theft, the surety company will compensate the client up to the bond limit. The business owner is then legally responsible for reimbursing the surety for the payout amount.
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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