What is a Montana Janitorial Service Bond?

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Montana Janitorial Service BondIf you have a commercial Janitorial Service business or are planning to put up one, this bond will be one of the best business purchases you will ever make!

Like all other businesses, a Janitorial Service business comes with major drawbacks such as employee theft.  It can happen even if you are extra vigilant, and even if the people you employ possesses a clean track record.

A Janitorial Service Bond will protect your business from the outcome of such problem.

A Montana Janitorial Service Bond is a type of Business Service Bond that aims to protect the Janitorial Service Company’s clients in case one of its employees commit a misconduct such as stealing while inside the client’s home or business establishment.

While this bond remains optional, it is also often expected by many clients, and preferred by business owners because it is an inexpensive business investment and easy to procure!

 

What is the Janitorial Service Bond amount?

It varies. The bond amount will depend on the number of employees the Janitorial Service Company has, or it can also be based on the owner’s bond amount preference.

You can secure a $5,000 surety bond for your company that has 5 or fewer employees.  With the bond amount, you can pay as little as $100 for the annual premium!

You can also opt for a higher bond amount for the same number of employees if you so wish.

 

What are the Janitorial Service Bond conditions?

  • The key people or entities involved in the bond are the following:

Principal – the Janitorial Service Company

Obligee – the Janitorial Service Company’s client

Surety – the surety bond company who will issue the bond

  • The principal purchases the surety bond to protect the obligee in case any dishonest act happens.
  • If one of the Janitorial Service Company’s employees is accused of theft, and have been found guilty of such based on some substantial shreds of evidence, the obligee may post a claim on the surety bond.
  • The claim will be settled by the bond’s conditions, including all the other applicable industry rules.

 

How do I obtain this type of bond? 

You can get this bond by following these simple steps:

STEP 1: Apply for the bond

You need to submit a bond application. Make sure that all the required fields are filled out.

STEP 2: Underwriting

We will ask you a couple of valuable information needed for the bond. This will include your financial history, business performance history, and your credit score.  An underwriter will carefully evaluate all those.

STEP 3: Bond execution

Once the underwriter is done with the prequalification process, we will immediately issue the bond and send it to you!

Get started on yours by giving us a call today!

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