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Why would a company need to be bonded?

Updated: 4/28/2022
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9y ago

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A company is bonded because of state licensing decisions. Local governments decide on what companies need to be bonded, typically those that handle money.

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Q: Why would a company need to be bonded?
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Is a company bonded?

Not necessarily. It all depends on what type of company it is and whether or not they need bonding.


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Yes, I would think minimally you would want to be bonded. Contact a few agents in your area for their opinions on what risks you should protect yourself and your business from.


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Yes you should be bonded. You will need what they call is a surety bond. This protects you against any employee theft of customer's property.


How do you get a license and bond for security company?

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What is a bonded driver?

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