Classification Type A vs. Type B

[Bond Magician]

What is the difference between Classification A and Classification Type B on your Employee Dishonesty Bond application? I really would like to be classified under Type A.

[Surety Queen]

Originally Posted by Bond Magician

What is the difference between Classification A and Classification Type B on your Employee Dishonesty Bond application? I really would like to be classified under Type A.

Class A = Professional and bu siness offices such as accountants, architects, physicians, dentists, insurance agents and attorneys. Note that officers are no covered under this bond, unless you are a corporation, and the officers are in the regular service of the company and compensated by salary, wages, etc.)

Class B = Businesses with more exposure such as cafes, gas stations, retail stores, businesses with salespeople, non-profit social organizations and courier services.

Where do you fall?

[Bond Magician]

Originally Posted by Surety Queen

Class A = Professional and bu siness offices such as accountants, architects, physicians, dentists, insurance agents and attorneys. Note that officers are no covered under this bond, unless you are a corporation, and the officers are in the regular service of the company and compensated by salary, wages, etc.)

Class B = Businesses with more exposure such as cafes, gas stations, retail stores, businesses with salespeople, non-profit social organizations and courier services.

Where do you fall?

I am a house watcher - I watch clients homes while they are away. I would like to fall under Classification Type A though. Why must I be in Type B?

[Surety Queen]

Originally Posted by Bond Magician

I am a house watcher - I watch clients homes while they are away. I would like to fall under Classification Type A though. Why must I be in Type B?

Because you don't fall under any of the professional classifications found under Type A. Your situation creates more exposure so consequently it's under the Type B.
Sorry...

[Mother Bond]

What about visiting nurses... Would they fall under type A or B?

[Bond Magician]

Originally Posted by Mother Bond

What about visiting nurses... Would they fall under type A or B?

Visiting Nurses would fall under type B. Anything falling under Type A would be: accountants, architects, doctors, dentists, etc.