What does it mean to be bonded?

0 ⤊

What does it mean to be bonded?

Starting a courier(delivery) service. How do I get bonded, what does it mean?

2006-09-19 08:51:06 · 2 answers · asked by ? 4 in Local Businesses ➔ United States ➔ Cincinnati

2 answers

Like insured. If you screw up and lose a valuable deed or something, the bonding company will pay.

2006-09-19 08:52:55 · answer #1 · answered by Anonymous · 0⤊ 0⤋

An insurance contract in which an agency guarantees payment to an employer in the event of unforeseen financial loss through the actions of an employee.
In other words, they will hunt you down to the end of the earth for example if you worked for a ATM Machine Money Guard for a bank and you stole $1 million. You would be hunted down like a dog.

2006-09-19 08:52:48 · answer #2 · answered by god knows and sees else Yahoo 6 · 0⤊ 0⤋