Business Service Surety Bonds, which are also called Janitorial Service Surety Bonds, are the only types of bonds that are written without a requirement from a state agency. These bonds are generally written for businesses and companies that conduct business inside or around other people’s homes or property.
Business Service Bonds protect against theft with conviction. This means that the bond would pay out when the business owner or any employee in the business steals something from a client or customer and is then convicted in a court of law. Businesses typically get these types of bonds for advertising purposes to ensure their clients that they are not going to steal anything from them, and that if they do, the business will be held liable.
The most common bond amount for these types of bonds is $10,000, which we write here at Surety1 for about $110. Surety1 writes these bonds for any amount between $5,000 and $100,000.
Any type of business can obtain a Business Service Surety Bond. Some of the most common types of businesses that do obtain this bond are: Janitorial Service, Pool Cleaning, Carpet Cleaning, Locksmiths, House Painters, Pet Sitters, House Sitting, and Moving Companies.
Author, Melanie Woods, is a Commercial Surety Agent with Surety1.