I have a small office cleaning company with only 1 employee and I am looking for a janitorial services bond (dishonesty bond). Are those easy to get and do I need a lot of money to get one or money to back it up?
2007-01-24 14:07:34 · 4 answers · asked by DD 1 in Business & Finance ➔ Insurance
You need to go visit an insurance agency that handles commercial accounts. You will have to say what your income is based on commercial and residential accounts, here in central california, our bond is $200 per year. You also will need a commercial liability insurance policy, and part of this premium is based on payroll, as well as workmans comp insurance, depending on your area is usually ballpark around $50 (usually higher for the first year) for every $100 your employee earns.
In order to get a bond, you can not have declared bankruptcy or have any kind of criminal record
2007-01-27 16:21:03 · answer #1 · answered by Gary S 5 · 0⤊ 0⤋
You go to a local agent, and get a business policy. Dishonesty coverage (also called employee dishonesty or fidelity) is NOT the same thing as a bond. It can usually be added to a package policy. Your agent can get you quotes.
A BOND will be harder to get. But the same agent should be able to get it. Please read this page! I think in the past two days, maybe 10 questions have been posted about getting a janitorial bond!! If you want a true bond, you'll probably have to guarantee the penalty amount.
The package policy should run you about $1500 a year.
2007-01-24 15:05:50 · answer #2 · answered by Anonymous 7 · 0⤊ 0⤋
A janitorial bond is very easy to get and very inexpensive.
It is for Businesses that provide janitorial services to other business. You know how vulnerable their employees are to employee dishonesty. After all, their employees have access to customers' assets, equipment, supplies and personal belongings.
These employees are easy targets for blame. Any customer who finds something missing is likely to suspect those who do the cleaning. The fact is dishonest employees can significantly damage their employer's business.
This bond is specifically designed to provide protection for your client's customers. They may have good luck and never have problems with a dishonest employee; but they will rest easier knowing they are covered. You can get them through your local agent or on many web sites.
One such site is: http://www.southcoastsurety.com/index.htm
2007-01-28 12:03:58 · answer #3 · answered by suretyguy 3 · 0⤊ 0⤋
My friends got their bond at a local insurance company, I believe State Farm.
Hope that helps.
2007-01-24 14:13:37 · answer #4 · answered by inquiringminds 1 · 0⤊ 0⤋