SMALL BUSINESSES AND JANITORIAL SURETY BONDS

In the past fifty years I have worked for a number of different companies.  As a fulltime educator for a number of years, many of those jobs found me working for only eight weeks or so on a job.  Without meaning to seem presumptuous or egotistical, I pose quite a striking figure when I present my resume.  And, my employers have never been disappointed – – in fact many offered me full-time positions, trying to lure me away from education.  The thing is, in only eight weeks people were willing to trust me with, if not their lives, at least the life of their business!  Now, were I of a different demeanor and moral fiber I could have taken advantage of these folks and done irrevocable damage before they ever knew what hit ‘em!  The point of all of this is this – – If you run a Janitorial Service the people you send to your client’s businesses or homes can, with one small indiscretion, ruin your business if you are not properly protected.  That’s why you need to keep brushed up on SMALL BUSINESSES AND JANITORIAL SURETY BONDS.

“One of the major questions I hear,” Jim Bivona of Bivona Insurance Group, LLC, an Independent Insurance Agency that services the Phoenix Metro area regarding Insurance including Phoenix, Scottsdale, Glendale, and Peoria Arizona to name just a few, offered with a degree of knowing in his voice, “is ‘do I really need a Janitorial Surety Bond?’  My answer,” Bivona continued with a chuckle now in his voice, “is, ‘not if you can afford to take a fifteen or twenty thousand dollar hit if one of your employees has light fingers while on the job.’”

Obviously, most small business can’t take such a hit.  As a result, there are several things you are going to want to consider as you contemplate purchasing your Janitorial Surety Bond:

  • Bond Amounts – These can range from $5000 to $100,000. Obviously, the larger the Bond Amount the higher the cost. Other elements that might affect Bond Cost are Poor Financial History and Low Credit Scores.
  • Client Types – The types of jobs you handle will also help determine Bond Amounts.
  • Employees/Staff – Typically, Janitorial Bond Coverage applies to full-time workers and not sub-contracted help. Be sure to check with your Independent Agent when purchasing Janitorial Surety Bonds for your area.
  • Professional Assurance – Having a Janitorial Surety Bond lets your clients know that you are running a professional business and are concerned about their property and protection.

As you can see, being aware of SMALL BUSINESSES AND JANITORIAL SURETY BONDS certainly is not something you want to ignore if you ARE, in fact, intent on making sure your Business Protection is adequate and complete!  As a result, you should contact Jim Bivona at 623-256-1000 with any questions, and he will be happy to discuss this concept with you in greater detail, and suggest some ways you may be able to improve your Business Coverage.

 

To learn more about the BIVONA INSURANCE GROUP, LLC go to www.bivonainsurance.com.

 

(To learn more about this issue, check out “JANITORIAL SURETY BONDS”)