Monday, October 28, 2013

A Fact You May Not Know About Janitorial Bonds

The primary function of janitorial bonds is to protect the customer of a cleaning company when an employee of that company steals from them. If you own a cleaning company, you may think to yourself "Why not just pay them back and pocket the money I would spend on the bond?". This is a valid thought, because janitorial bonds don't cover any damage at all. They are surety bonds for a janitorial cleaning service but they are simply to pay the customer back for theft.

So why get one? This is what you might not realize about janitorial bonds. There are lots of customers, residential and commercial both, who will not do business with a cleaning company if they do not have a janitorial bond. It makes sense; if you have a bond, they are guaranteed to get paid if theft occurs. If not, you could fold if the amount is too high.