Cleaning Banks

[Mother Bond]

I run a cleaning company and would like to do business with some of our local banks. Because we will be going in after hours, they would like to see that we are bonded.

Is it possible to obtain a fidelity bond or would this situation be considered too risky?

[Bond Magician]

Originally Posted by Mother Bond

I run a cleaning company and would like to do business with some of our local banks. Because we will be going in after hours, they would like to see that we are bonded.

Is it possible to obtain a fidelity bond or would this situation be considered too risky?

It may be possible to obtain a Janitorial Service Bond even if you will be going into the bank after hours. Your best bet would be to find the application on our website under Fidelity bonds. Once the application is sent to our office, the representative will submit it to the surety company for an approval.

Please be sure to be as detailed as possible on the application as far as what type of work you will be doing.

[Mother Bond]

I'm looking over the application right now... how do I determine how much coverage to get?

[Bond Magician]

Originally Posted by Mother Bond

I'm looking over the application right now... how do I determine how much coverage to get?

That is really up to you. You need to chose a bond amount that you feel most comfortable with. Please note that these types of bonds are not very expensive, so the differences in price will not be that much.

[Mother Bond]

Originally Posted by Bond Magician

That is really up to you. You need to chose a bond amount that you feel most comfortable with. Please note that these types of bonds are not very expensive, so the differences in price will not be that much.

Let's say I get $50K for now, but later decide I want $100K... can I increase the coverage mid-term?

[Surety Queen]

Originally Posted by Mother Bond

Let's say I get $50K for now, but later decide I want $100K... can I increase the coverage mid-term?

Yes - you can change the bond amount any time. Premium would be charged on a pro-rated basis.