Dog Walker

[h2o]

Could a bond be beneficial for a dog walking business?

[Bond Magician]

Originally Posted by h2o

Could a bond be beneficial for a dog walking business?

Yes, a fidelity bond could be beneficial to you. This type of bond may help you attract more clients. A fidelity bond is easy to obtain and it not based on personal credit. Many business owners obtain these types of bonds when a bond is not being required by the state. All you need to do is contact a local insurance agency within your state - they should have a market for these types of bonds.

[h2o]

How does a bond protect my business?

[Bond Magician]

Originally Posted by h2o

How does a bond protect my business?

A fidelity bond/employee dishonesty bond would protect you and your clients from any loss (theft of cash, jewelry, etc) incurred by dishonest acts of your employees.

It also covers you against acts by all company employees, whether they are part-time or full-time.

[h2o]

Originally Posted by Bond Magician

A fidelity bond/employee dishonesty bond would protect you and your clients from any loss (theft of cash, jewelry, etc) incurred by dishonest acts of your employees.

It also covers you against acts by all company employees, whether they are part-time or full-time.

Is it expensive to get a fidelity bond?

[Bond Magician]

Originally Posted by h2o

Is it expensive to get a fidelity bond?

Actually, no - fidelity bonds are not too expensive. These types of bonds are not based on personal credit like other types of surety bonds are. Instead, they are based on the number of owners and employees that there are and the amount of coverage that you're looking for.

[grasshopper]

So if I get a fidelity bond for 10K and an employee goes into a client's home and steals 8K of personal property, the bond company pays the 8K? Does that leave me with only 2K for the rest of the year or the full 10K? Will this also get my bond dropped at the end of the year?