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Management And Training

Monday's Ask the Experts: Bonding insurance

February 28, 2011
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Monday''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; what could this be based on?
The answer:
That depends on how you define small. If you are just getting started and your customers aren''t making an issue of it, I don''t really see the need.
Bonding normally protects you against employee theft, not your customers against loss.
"Bonded and Insured" sounds good to the customer and looks good on your business card and brochure, but
... — Bill Griffin, president of Cleaning Consultants.
To read the rest of this response, click here.
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