Surety Bond Encyclopedia

7 to 15 employees Bond - Business Services Bond 9b. ($250,000) in All States

Brief Summary

This is the bond your customers mean when they ask if your company is bonded. It backs your promise that the people you send into a client's home or office will not steal from them, with a $250,000 limit sized for a business with 7 to 15 employees. It is not a government filing, so there is no license deadline to chase. You can have proof of bonding in hand for a bid, a contract or a property manager's vendor packet.

Business Services Bond 9b is a voluntary third-party fidelity bond for service companies whose employees work on client property, such as cleaning, janitorial and similar home or office service firms. It protects your clients if one of your employees steals from them while on the job. This listing carries a $250,000 limit for businesses with 7 to 15 employees.

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How to Apply for a 7 to 15 employees Bond:

Confirm your current number of employees falls in the 7 to 15 range.
Have the business legal name and address as it should appear on the bond.
Describe the services your employees perform at client locations.
Note any client contract or bid that requires proof of bonding and its required wording.
Complete the bond application and review the quote.
Pay the premium and keep the bond document for client requests.

Detailed Information About the All States 7 to 15 employees Bond:

This is not a license bond

Most surety bonds on this site are filed with a state or city as a condition of a license. This one is different. A business services bond is bought voluntarily, usually because customers, property managers or contract terms ask for it. There is no statute that sets the amount and no government agency that holds the bond. If a licensing office or a client contract does require bonding, check with that authority or read the contract to make sure this bond meets its terms.

What it protects

The District of Columbia Department of Insurance, Securities and Banking describes janitorial service bonds as protecting your clients if one or more employees steal from the property where they are working. That is the core of a business services bond. It is third-party coverage, meaning the loss it responds to is a loss suffered by your customer, not a loss inside your own company. Theft of your own company's money or property is a separate exposure covered by employee dishonesty or commercial crime insurance.

Why the employee count matters

The same DISB guide notes that bond amounts are often determined by the number of employees. This listing is written for a business with 7 to 15 employees at a $250,000 limit. Give an accurate headcount when you apply, and contact us before your staff grows past 15 so the bond still matches your business.

How the premium is set

Because this bond is not tied to a license, there is no state filing fee. The premium is set by the surety based on the limit, the number of employees, the type of service work and the business's own history. A quote is the only reliable way to know the cost.

Eligibility and Requirements for a All States 7 to 15 employees Bond:

Bond limit of $250,000.
Employee tier of 7 to 15 employees.
Coverage for theft by your employees from clients while working on client property.
Accurate employee count at application and when staff levels change.
Any bonding terms set by a client contract or local license, confirmed before purchase.

All States 7 to 15 employees Bond FAQs:

Is a business services bond required by law?

Not as a rule. It is a voluntary bond that service companies carry because customers ask for it. The DC DISB cleaning business guide advises checking with the licensing or permitting authority to see whether a bond is needed for your location.

Who does this bond protect?

Your clients. It responds when one of your employees steals from a customer's home or business while doing the work. It does not cover theft from your own company, which is handled by employee dishonesty or crime insurance.

Why is this listing tied to 7 to 15 employees?

Business services bonds are sized by headcount, and this listing is written for companies with 7 to 15 employees at a $250,000 limit. If your staff grows past 15, contact us so the bond is adjusted to match.

Is a fidelity bond the same as liability insurance?

No. General liability insurance covers accidental injury and property damage. A business services bond is a fidelity product aimed at dishonest acts by your employees against your clients. Many service companies carry both.

What does it cost?

There is no government fee because nothing is filed with an agency. The surety sets the premium based on the $250,000 limit, your employee count, the type of work you do and your business history. Request a quote for an exact figure.