7 to 15 employees Bond - Business Services Bond 2b. ($5,000) in All States
Table of Contents
Brief Summary
When a client asks whether your crew is bonded, this is the answer. The tier 2b business service bond puts $5,000 of surety backing behind your employees' honesty inside client homes and offices, priced for a company with 7 to 15 employees, with no state filing and no license application to wait on.
The Business Services Bond tier 2b is a $5,000 employee dishonesty bond for service companies with 7 to 15 employees that work on client premises, such as cleaning, janitorial, home care and pet sitting businesses. It is not required by any state agency. It protects the bonded company's clients if one of its employees steals money or property while working on the client's premises, and claims usually require an employee theft conviction or the proof set out in the bond itself.
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How to Apply for a 7 to 15 employees Bond:
- Count current employees who will work for the business, and confirm the total falls between 7 and 15.
- Have the legal business name, owner name and business address ready.
- Describe the services performed, such as residential cleaning, janitorial, home care or pet sitting.
- List the states where employees work on client premises.
- Complete the application and review the quoted premium.
- Receive the bond and keep a copy ready for clients or contract files that ask for proof.
- Update the tier when headcount moves outside the 7 to 15 range.
Detailed Information About the All States 7 to 15 employees Bond:
The tier is set by headcount
Business service bonds are sold in tiers that pair a bond limit with an employee count. This page is tier 2b, a $5,000 limit for a business with 7 to 15 employees. The count drives the price because every employee who enters a client's home or office is another person the surety is standing behind. Report the headcount accurately on the application, and if the business grows past 15 employees or drops below 7, move the bond to the tier that matches.
There is no government obligee
No state licensing board or agency sets this bond, receives it or keeps it on file. It is a voluntary product the business buys so it can tell clients, truthfully, that its employees are bonded. The protection runs to the business's clients. Some clients write the requirement into their contracts or bid documents, and in that case the contract, not a statute, sets what the business must show.
What it covers
The bond responds when an employee of the bonded business steals money or property belonging to a client while working on that client's premises. That is the difference from an ordinary fidelity bond. The Florida Department of Financial Services describes a fidelity bond as protecting employers from employee theft, and the California Department of Insurance glossary defines it as an obligation against financial loss caused by the dishonest acts of employees. A business service bond points that protection outward, to the customer whose home or office the employee is in.
The $5,000 figure is the most the surety pays under the bond's terms. Read the bond to see whether that limit applies per loss or in total for the bond period.
When a claim is paid
Most business service bonds require that the employee be convicted of the theft before the surety pays, or that the client meet the specific proof the bond spells out. An accusation alone is usually not enough. Clients should report the theft to police promptly and keep records of what was taken, and business owners should read the claim condition on their own bond before they sign it.
What it does not cover
The bond is about dishonesty. Accidental breakage, property damage and injuries belong to general liability insurance. The City of Charlotte's citywide janitorial solicitation, for example, lists general liability and crime (employee dishonesty) coverage as separate requirements, the second specifically for theft of the city's property by an employee or contractor.
Why clients ask for it
Homeowners, property managers, offices and public buyers hand over keys, alarm codes and unattended access. A bond gives them a third party that has agreed to answer for employee theft, and it gives the business a credential it can print on a truck, a website and a bid response.
Eligibility and Requirements for an All States 7 to 15 employees Bond:
- Bond limit of $5,000 for tier 2b.
- Business headcount of 7 to 15 employees.
- Services performed on client premises.
- No government obligee and no state filing.
- Claim condition as stated in the bond, usually an employee theft conviction.
- Separate general liability coverage for accidental damage and injury, which this bond does not replace.
All States 7 to 15 employees Bond FAQs:
Tier 2b covers businesses with 7 to 15 employees, so a 12 person company fits here at the $5,000 limit. If you hire past 15, move the bond to the tier for your new headcount.
No state agency is the obligee on a business service bond and nothing is filed with the state. It is carried because clients expect it or because a client contract or bid requires it. Check the contract for the limit it calls for.
Usually not. Most business service bonds pay after the employee is convicted of the theft, or on whatever proof the bond itself states. Read that condition on your bond before you rely on it.
No. The bond covers theft by employees. Accidental damage and injuries are general liability insurance claims.
The premium is driven mainly by the tier, which combines the $5,000 limit with the 7 to 15 employee headcount, along with the type of service the business performs. A larger crew or a higher limit moves the bond into a higher priced tier.
