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A surety bond guarantees performance. A third party agrees to step in and pay damages if the person who is bonded fails to perform a job or fulfill a contract. For instance, if you are working as a housekeeper and an item of jewelry goes missing, a surety bond would pay for replacement of the jewelry. Being a bonded housekeeper protects the homeowner from having to pay out of his pocket and protects you from being liable for money you might not be able to pay.
Find an agent to issue your bond. Bond agents, also known as producers, issue different types of surety bonds. Housekeepers most commonly need a business services bond, which protects your clients from damage or theft by you or one of your employees. The National Association of Surety Bond Producers lists producers by city and state to help you find a producer in your area.
Collect the information you'll need for your bond application. For most bond companies, this will include a financial statement, bank statements, references from recent customers and the name, address and Social Security numbers of any employees who work with you in your housekeeping business.
Choose a limit for your bond coverage. This could be as little as $2,500 or as much as $100,000. If a particular housekeeping client, such as an office building or resort or a private individual, is requiring you to have the bond, they may set the limit.
Complete the application for the bond. Attach all additional information required, such as bank statements.
Pay for the bond if your application is approved. The price of your bond depends on the amount of coverage and how many people are covered by the bond.
Find an agent to issue your bond. Bond agents, also known as producers, issue different types of surety bonds. Housekeepers most commonly need a business services bond, which protects your clients from damage or theft by you or one of your employees. The National Association of Surety Bond Producers lists producers by city and state to help you find a producer in your area.
Collect the information you'll need for your bond application. For most bond companies, this will include a financial statement, bank statements, references from recent customers and the name, address and Social Security numbers of any employees who work with you in your housekeeping business.
Choose a limit for your bond coverage. This could be as little as $2,500 or as much as $100,000. If a particular housekeeping client, such as an office building or resort or a private individual, is requiring you to have the bond, they may set the limit.
Complete the application for the bond. Attach all additional information required, such as bank statements.
Pay for the bond if your application is approved. The price of your bond depends on the amount of coverage and how many people are covered by the bond.
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