Employee Dishonesty Bond

Employee Dishonesty bonds (sometimes known as business service bonds or – in the case of janitorial companies – janitorial service bonds) serve to protect the public from fraudulent or dishonest behavior of the employees of a business. Many companies will require another company to be bonded with an Employee Dishonesty bond before they will engage in business with them, and some states have requirements for these bonds as well.
 

When applying for these bonds, it is important to know how many employees are covered, whether or not owners/officers are covered, and the amount of the bond being required, as the bond penalties for these types of bonds range from anywhere from $5,000 to more than $500,000.

Employee Dishonesty bonds are considered continuous until cancelled, so a continuation certificate is not provided unless requested. The bond is considered in effect unless a cancellation notice is received.


Business Service Bond

Business Service bonds (sometimes known as employee dishonesty bonds or – in the case of janitorial companies – janitorial service bonds) serve to protect the public from fraudulent or dishonest behavior of the employees of a business. Many companies will require another company to be bonded with a business service bond before they will engage in business with them, and some states have requirements for these bonds as well.
 

When applying for these bonds, it is important to know how many employees are covered, whether or not owners/officers are covered, and the amount of the bond being required, as the bond penalties for these types of bonds range from anywhere from $5,000 to more than $500,000.

Business Service bonds are considered continuous until cancelled, so a continuation certificate is not provided unless requested. The bond is considered in effect unless a cancellation notice is received.

Janitorial Service Bond

Janitorial Service bonds (sometimes known as employee dishonesty bonds or business service bonds) serve to protect the public from fraudulent or dishonest behavior of the employees of a business. Many companies will require another company to be bonded with a Janitorial Service bond before they will engage in business with them, and some states have requirements for these bonds as well.
 

When applying for these bonds, it is important to know how many employees are covered, whether or not owners/officers are covered, and the amount of the bond being required, as the bond penalties for these types of bonds range from anywhere from $5,000 to more than $500,000.

Janitorial Service bonds are considered continuous until cancelled, so a continuation certificate is not provided unless requested. The bond is considered in effect unless a cancellation notice is received.
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