CAN A INDIVIDUAL BECOME BONDED FOR DOING ODD JOBS? FOR HELPING PEOPLE OR BUSINESSES WITH VARIOUS ODD JOBS. SOME DAILY , SOME WEEKLY JOBS
OR TASKS BUT ALL TEMPORARY .
BONDED AGAINST THEFT
OR DAMAGE CAUSED FROM INDIVIDUAL?
2006-12-24 07:50:39 · 7 answers · asked by mjoeg 2 in Business & Finance ➔ Insurance
A bond doesn't mean what you think it means.
It's a guarantee from the insurance company TO A SPECIFIC ENTITY, naming their name and address, that you will do something, or not do something, and if you don't, the penalty amount named in the bond will be paid to them, by the insurance company.
So you'd have to buy a bond for EACH odd job you did. Not worth it, as minimum premium for that type of bond (which, btw, would usually only cover if you STOLE something) would be about $250.
DAMAGE caused by individuals would be LIABILITY coverage, and it wouldn't include cost to re-do your own work, if you messed up.
You can buy a bond, or liability insurance, from an insurance agent. Again, it's not what you think it is, and in your case, if you REALLY want a theft bond, you'd have to be able to personally guarantee the penalty amount.
2006-12-24 15:16:19 · answer #1 · answered by Anonymous 7 · 0⤊ 0⤋
If a bailbondman put up the bond for a fee, the fee will not be refunded. If your family posted a cash bond, it will be returned.
2016-05-23 04:24:10 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I would not agree with this kind of requirement from a company for their employees. I would be very dubious if a company expects you to do this. If you are working for yourself,I don't think there's a need to however take an insurance to cover yourself.
2006-12-24 08:06:17 · answer #3 · answered by tagara 3 · 0⤊ 0⤋
you can be bonded when you are handly some one elses property.. meaning you won't leave with their money... the cost depends on how much you want to be bonded for...
for instance our group has a treasure he is bonded for $25,000.oo if he takes our money, then the bonding would pay us up to 25k.
2006-12-24 09:01:57 · answer #4 · answered by RED WHITE AND BLUE 4 · 0⤊ 0⤋
i dont have a clue what you are talking about, are you talking about being bailed out of jail? if so a bail bondsman is what you are talking about and it would depend on how much the court sets your bond at to get out....
go to the site below it will explain more about bonding compay and bail
2006-12-24 07:57:42 · answer #5 · answered by bshelby2121 6 · 0⤊ 1⤋
why and is it needed in your state or county if not dont need just extra unnessacery cost /, Insurance to cover yourself and property damage yes
2006-12-24 08:10:24 · answer #6 · answered by Anonymous · 0⤊ 0⤋
My girlfriend likes to bond me all the time. She uses pantyhose and just ties them around my arms and the bed posts. Drives me nuts what she does after that. ---Oh, wait---, that's bondAGE. I guess I don't know.
2006-12-24 07:59:53 · answer #7 · answered by alwayswondering 2 · 0⤊ 1⤋