Learn About Business Service Bonds
A business service bond is a general type of fidelity bond. A business service bond is purchased by a wide range of different business who have the owner or employees performing work on or in a customer's private property.
While a business service bond is not required by law, it's a good idea to give your customers the peace of mind that you have their best interests at heart. This video will show you how to purchase a business service bond for the correct amount and how to pay as little as possible.
Video Timestamps:
- 00:20 - What is a surety bond
- 00:33 - What is a business service bond
- 00:54 - Businesses that purchase a business service bond
- 01:42 - How much is a business service bond
- 01:57 - How to choose the correct business service bond amount
- 02:30 - Real price examples of different business service bonds
- 03:16 - How to purchase a business service bond
- 03:35 - Example business service purchase flow
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