DefinitionWhat this category covers.
Business service and fidelity-related bonds can protect against covered employee dishonesty or support customer/contract requirements for service companies. They are not the same as statutory license bonds, and not every state requires a voluntary fidelity product.
Who typically needs it
Service companies, cleaning/janitorial businesses, and employers evaluating employee-dishonesty or customer-required service bond language.
What changesState, obligee, and amount details matter.
Some exact state records show a selected $5,000 business-service/janitorial requirement. The broader general business-service/janitorial family in the authoritative catalog lists available coverage amounts from $5,000 to $200,000. Do not assume every state requires this product or that one selected amount is the only market option.
Pricing & issuanceTypical cost and timing.
These are common ranges, not a quote. The premium is what you pay; the bond amount is the required coverage.
Fidelity / employee dishonesty
- Standard coverage: Premiums commonly based on coverage amount and number of employees
- ERISA bonds: Matrix pricing based on plan assets — often starting around $100–$300 per year for smaller plans
- Employee dishonesty bonds: Rates vary by coverage level and employee count
Timeframe: Specialized application — typically 1–3 business days