Carpet Cleaning Business What Type Of Bond Do I Need

A janitorial bond is a business service bond that protects customers from property theft by one of your employees.

Carpet cleaning business what type of bond do i need. License and permit bonds. In the case of janitorial service bonds this is the customer hiring your business to clean their home office etc. A surety bond ensures clients that the cleaning business is legitimate and insured. We ve never been bonded and will not be unless a big client requires it.

Figure out what you need to live on top of that and try to have 90 days expenses in reserve to give you time to establish regular cash flow. It directly reimburses a client for the loss. There are two types of bonds that your cleaning business may be required to purchase. Every business needs startup capital and carpet cleaning is no different.

Janitorial surety bond why do you need one. Even if a business has not been notified a bond is required the agency should still be contacted. Janitorial bonds are a type of surety bond that protect against losses caused by an employee s dishonesty such as theft of items or money from a client s home. If you own a cleaning business it is advantageous for you to bond it.

It covers losses if an employee steals items or money from a client while cleaning a home or business. A bond is sometimes required by a company you might do work for. The obligee is the entity requiring the principal to be bonded. Make a list of the local companies and their lowest quotes.

Then with time you can expand your business by buying a carpet cleaning machine or a gutter cleaning machine for example and start providing these services too. This policy doesn t cover damage to a client s property only theft. It is not needed to go into business and doesn t provide any real protection for you. Call local insurance companies and ask for bond quotes.

A janitorial bond is also called a housecleaning custodian janitorial services fidelity carpet cleaning or janitorial surety bond. Even if your state doesn t mandate cleaning bonds some clients will only hire bonded businesses. It is designed to protect the company customer you are hired by. The surety is the insurance company issuing the bond.

Your business needs these bonds only if they are required by your local government. Whether your company cleans carpets upholstery offices or homes they are an essential addition to your business insurance and other business bonds. The principal is the cleaning company purchasing the surety bond. Typically insurance companies will need to know how large your business is and what kind of business it is in order to give you a quote.