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Tuesday's Ask the Experts: Bonding insurance

July 28, 2009
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Tuesday''s Ask the Experts question from a cleaning professional on the International Custodial Advisors Network (ICAN) "Ask the Experts" page: Would a small company need bonding insurance? If so, what would be the price range, and what could this be based on?
The answer:
A fidelity bond covering your staff is a smart investment. It is inexpensive; normally under $150 in most cities for five workers covering up to $10,000 in theft.
The kicker is that it only pays upon conviction, which is not always easy to obtain. Still, having bonding is often the magical key that allows you ... Gary Clipperton, National Pro Clean Corporation.
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