What is a Dishonesty Bond?
A Business Services Bond or Dishonesty Bonds are intended for both non- and for-profit ventures. They are designed to protect the business or organization from employee theft of company resources, which can and does happen. Unprotected businesses can fail if they are not properly bonded. Dishonesty bonds can either be blanket bonds, applying to all employees, or for each employee on an individual basis. Some businesses such as brokerages, cash carriers, messenger services, courier services, in-home care providers, nursing homes, or other in-home services also obtain these bonds for the security of their clients.
Dishonesty Bond Details
While requirements vary greatly depending on project type and scope, most surety bonds will require the following information from the contractor or principal.
- A credit check and at least two years’ worth of financial statements prepared or reviewed by a CPA
- A copy of the contract or bid invitation associated with the performance bond
- A TMD application
- Real estate or other collateral that is owned by the contractor
Pricing & Terms
Surety bond costs are a percentage of the full bond amount, which is usually determined by your personal credit. Providing industry experience, strong personal credit, and business/personal financials will help lower your bond rate. Reach out for a quote today.
How to Purchase a Dishonesty Bond
- Click the Buy Now button.
- Fill out the easy bond form.
- Confirm your order and select how you would like your bond documents delivered. Email or regular mail.
- Pay for your bond.
- If you chose to have your documents emailed, you will receive them within minutes.
It’s that simple and fast!
Bond Purchase Process
1. Find Your Bond
2. Secure Pricing
3. Buy Online
Get Started
The bonding process can be confusing and cumbersome. Our surety bond experts are standing by and ready to answer any questions. Let’s get you bonded today!
Frequently Asked Questions
Looking to Get Started or Have Questions?
The bonding process can be confusing and cumbersome. Our surety bond experts are standing by and ready to answer any questions. Let’s get you bonded today!