Janitorial Bonds

Janitorial bonds are not obligatory. Obtaining them is the choice of your company. However, many clients today would not work with a cleaning business that does not have a janitorial bond. When you have this bonding, it is a strong signal for your customers that your company is safe to work with. That's why it's worth advertising your business as bonded.

In addition to providing a safety net for your customers, janitorial bonds can be of great help to your company as well. It can prevent serious harm, in case of substantial employee theft, which could otherwise ruin a business.

The cost of your janitorial bond would depend on the dollar coverage you want to obtain, the number of employees you want to cover, and the exact type of business that you run. Keep in mind that in some cases, clients may expect of your company to have a specific amount of coverage. You would need to pay an annual premium in order to keep your janitorial bond in place.

In most cases, the business owner's personal credit score is not a factor in determining the premium for janitorial service bonds. Thus, if you have problematic finances, you're not likely to stumble into difficulties with this type of bonds. However, if you want to obtain a large coverage or have a significant number of employees whom you want to cover, your credit score may be required. In this case, having bad credit would make it more difficult to obtain a janitorial bond.

Have more questions about janitorial bonds, or other types of fidelity bonds? Don't hesitate to reach our specialists and get assistance. Just contact us at (877) 514-5146.