What is a Business Services Bond?
Generally known as the Employee Dishonesty Bond, a business services bond is a lot like a Fidelity Bond, but has an expanded option which covers your client when their employees are performing services for someone else through your company. (Which is where the Business Services / Janitorial name comes in) From a general concept standpoint, like a Fidelity Bond, this bond covers your [...]
Insurance Agent’s Guide to Surety: What is a Surety Bond?
In the world of insurance, most of the time you’re processing insurance policies for clients in a fairly well-established pattern. Make sure your customer’s contractor license is current, confirm their credit standing, and then find the risk profile for their line of work to make sure that they’re within a reasonable risk profile, etc. However, every so often you’ll get a request for [...]