Have a question? 
+1 815-826-6324 (815-8-BondAI) 
phil@AmericasSuretyBonds.com
Army Veteran Owned | Expert Surety Bonds Since 2004
Have a question? +1 815-826-6324 (815-8-BondAI) phil@AmericasSuretyBonds.com
Army Veteran Owned | Expert Surety Bonds Since 2004
When your crews work inside other people's homes and offices, the first thing a property manager or facilities buyer asks is whether you are bonded. This $150,000 business services bond answers that for a company with 16 or more employees, and it protects your customers if one of your people steals from them.
The Business Services Bond 7c. is a $150,000 fidelity bond for service companies with 16 or more employees whose staff work on customer premises, such as cleaning, maintenance and similar trades. It protects the company's customers against theft by the company's employees. The requirement comes from customers and service contracts rather than a licensing agency, so check the limit and wording your contract calls for before the bond is issued.
We can help with all All States bonds!
Service businesses whose employees go into a client's home or workplace carry business services bonds because their customers require them. Commercial cleaning contracts, building maintenance agreements and residential service customers often want proof that the company is bonded before they hand over keys or alarm codes. This listing is the $150,000 limit for a company with 16 or more employees. The employee count on your application should match your actual headcount.
The Surety & Fidelity Association of America describes a fidelity bond as protection against financial losses caused by employees' dishonest misconduct. A business services bond points that protection at your customers. If one of your employees steals money or property from a client while working at the client's location, the client can recover the loss under the bond up to the $150,000 limit, subject to the bond's terms.
It is not liability insurance. Accidental damage, injuries and poor workmanship belong under a general liability policy. It also does not protect your own company against employees stealing from you. That is a separate first party fidelity or employee dishonesty policy.
The obligee is your customer base, not a state office, so nothing is filed with a government agency. The executed bond stays with your company, and you provide a copy or certificate to customers who ask. If a contract spells out a specific bond limit, wording or named obligee, send that language with your application so the bond matches it.
The premium is set by the surety from the bond limit, the number of employees covered, the type of service work and the company's loss history. Expect questions about hiring and screening practices and any prior employee theft.
Customers, property managers and service contracts. The requirement is written into the work agreement rather than a state license, which is why most service companies that work on client premises carry one.
Your customers. If one of your employees steals from a client while working at the client's location, the client can recover the loss under the bond up to the $150,000 limit.
No. That is first party employee dishonesty coverage, a separate product. This bond protects your clients.
No. Property damage and injuries are covered by liability insurance. This bond responds to employee theft from customers.
The surety prices the bond by how many employees are covered. This listing is for companies with 16 or more employees at the $150,000 limit.
This website is a referral and marketing platform that connects users with licensed insurance agents. We do not issue surety bonds directly except in states where we are licensed. All bond applications are processed and fulfilled by licensed agents. By using this site, you agree to our Terms & Conditions, Privacy Policy, and the use of cookies. If you do not agree, please exit the site.
All Business Services Bond 7c. ($150,000) bonds · All All States surety bonds