Janitorial service surety bonds are a type of specialized business service bond for the home and business cleaning industry.With this bond in place, you protect customers from losses incurred as a result of theft committed by unethical employees.These bonds are also known as. 1) housekeeper surety bonds. 2) maid surety bonds.
The term bond-brings to mind an investment that returns interest income to the investor. But there are other types of bonds that have nothing to do with investing; they relate to business operations and function much like insurance. Understand what a bond is, when it's required in your business, and how to get it. Because surety and fidelity bonds are a risk management tool, it is helpful to discuss your business needs with your insurance agent. He or she can then refer you to a surety company when traditional insurance won't provide the protection you want or need. Janitorial service surety bonds are a type of specialized business service bond for the home and business cleaning industry. With this bond in place, you protect customers from losses incurred as a result of theft committed by unethical employees. These bonds are also known as. 1  housekeeper surety bonds. 2  maid surety bonds. Pay a low rate for your bond. For companies with five or fewer employees, janitorial service bonds only cost $121 for a year of $10,000 coverage, $180 for a year of $25,000 coverage, $247 for a year of $50,000 or $334 for a year of $100,000 coverage. Annual rates increase slightly for each additional employee. A janitorial service bond protects your customers if an employee chooses to act unethically and steal while on the job. Because of this, being bonded reassures customers that they’ve chosen a credible cleaning company for all of their residential, housekeeper, maid and business cleaning needs. Pay a low rate for your bond. For companies with five or fewer employees, janitorial service bonds only cost $121 for a year of $10,000 coverage, $180 for a year of $25,000 coverage, $247 for a year of $50,000 or $334 for a year of $100,000 coverage. Annual rates increase slightly for each additional employee. Business services (fidelity) bonds. If you have employees working on customer' premises, this type of bond will provide coverage for employees' fraudulent or dishonest acts. For example, if you have a cleaning service, this bond will reimburse you if your employee steals from a customer. You can then use the proceeds to reimburse your customer. Because surety and fidelity bonds are a risk management tool, it is helpful to discuss your business needs with your insurance agent. He or she can then refer you to a surety company when traditional insurance won't provide the protection you want or need. No. However, many consumers will not hire a cleaning company who is not bonded and insured, which is referring to a cleaning service/janitorial bond. The bond assures your customers that if any of their property is missing, they are covered by the bond.  Step 1. Identify the type of cleaning service you operate so you can tailor your insurance and bond needs to your clientele. Perhaps you specialize in home cleaning or you prefer to undertake janitorial duties in large office buildings.  Surety bonds protect the property and possessions of your clients when you have a janitorial, cleaning or housekeeping service. A bond mainly covers theft by dishonest employees, but it does not cover property damage. A janitorial surety bond shows your prospects and clients you can be trusted. The janitorial bond is usually optional, though some type of bond for the business might be required. States differ on bond regulations. What you are looking for is a Janitorial Bond. It is a form of a fidelity bond and very similar to insurance. It protects your clients in the event an employee is arrested and convicted for stealing from them. You will not be expected to cover the loss. The rates are based upon the number of employees and the amount of coverage. They range from a $ 5000 bond with less than 5 employees at $ 100 to a $ 100,000 with 25 employees less than $ 800. These are instant issue bonds are are readily available on the internet. You can run a Google search for Janitorial Bond and find a site that has on line submissions. Janitorial Bond-Cleaning Service Bond. Bonds Express is proud to offer you Janitorial Service Bonds / House Cleaning Service Bonds with a 99% application approval rate. Janitorial bonds, or house cleaning bonds, are a type of fidelity bond designed to protect a third party whose property is being cleaned by a janitorial service or house cleaner
https://www.sba.gov/blogs/fidelity-and-surety-bonds-do-you-need-them-your-business https://www.suretybonds.com/janitorial-service-bonds.html https://www.suretybonds.com/janitorial-service-bonds.html https://www.sba.gov/blogs/fidelity-and-surety-bonds-do-you-need-them-your-business http://www.jwsuretybonds.com/fidelity-bonds/janitorial-bond.htm http://finance.zacks.com/insure-bond-cleaning-service-5018.html http://yourbusiness.azcentral.com/much-janitorial-surety-bond-need-28868.html http://veruyu.org/what-kind-of-bond-would-i-need-for-a-cleaning-service-and-where-would-i-get-it/ http://www.bondsexpress.com/janitorial-bonds/janitorial-bond/
what type of bond does a janitorial service need