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Melinda Said:

Bonding and insurance for Canadian small business?

We Answered:

Getting a business insurance quote in Canada is easy and simple these days. I am not sure what is the type of policy that Canadian insurance companies have, but you can find out. Just go to http://www.2insure4less.com and click on the Canadian? link to get a Canadian business insurance quote.

Patricia Said:

how do i find out who is the bonding/insurance company for a business.?

We Answered:

?? If you sued THEM, they have to pay you. If they have insurance that covered their liability, it's their job to contact them. You have no real right to deal with the insurance company directly

Benjamin Said:

What kind of insurance and bonding is required for a startup home cleaning business and where do I search?

We Answered:

In most locales, it is not a mandatory 'requirement', still, I won't be without liability insurance and/or a bond. It really protects you from real and not-real damage claims AND your clients feel better about you.
You can call your county or city clerk and ask if it is a requirement (they may or may not know). Call every insurance agency you can and not only ask if it is a requirement, but find out their prices for various amounts of coverage. In the beginning you probably don't need as much, and can increase it later.
Here's some more beginning steps:
1. Check with your city or county clerk's office to see if you need a business license or fictitious name license. These are inexpensive ($25-$50) and usually last 3 or more years;
2. Then, call around to insurance companies and compare prices for liability insurance (sometimes called bond). This protects you if something breaks or gets damaged while you're on the job. And, yes, sometimes you didn't do it, but with this you can keep a client! AND, when you can say to potential clients, "I have liability insurance" it not only makes you professional, but adds confidence. It shouldn't cost more than around $100-$300/yr for $100K coverage (you don't need more than that for now);
3. Call existing cleaning companies, pretend to be a potential customer, to find out the going rates and services provided;
4. NOW, make a nice flyer and/or introductory letter about your service and start knockin' on doors, so to speak! Dress nice, maybe have a t-shirt made up with your company name and/or logo at Cafepress.com, too. Think about magnetic signs and/or a vinyl wrap for your vehicle. Think about parking your vehicle in areas where you wish to find business and in high traffic locations-street intersections, parking lots, etc;
5. And spend less than $39 on a business cleaning kit (less than that for a residential cleaning kit!) that will give you the basic contracts, forms for estimates, pricing charts and book-keeping, intro letters, supply list and resources, customer leads and other valuable tips. It will save you time and money in the long run!


This is a general start. There is lots of information available for you below......


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Edgar Said:

How do you get Bonding Insurance for a small cleaning business in case someone steals or breaks something?

We Answered:

call an insurance company and tell them what you need.

Jeanette Said:

Can I get bonding insurance for my business if my credit is bad?

We Answered:

Well, you were told wrong. You do NOT need to get bonded, unless one of your clients is telling you that you have to. MOST one person cleaning businesses, don't carry liability insurance, and as bonds basically won't cover YOUR theft, only your employee's theft, it's kinda pointless if you have no employees.

Having said that, you CAN get a bond, depending on what KIND of bond you want (there are hundreds!). You MIGHT need someone to "guarantee" that bond for you, if you still want it.

Shirley Said:

Small Alberta Business, insurance and bonding?

We Answered:

Regarding the bonding aspect of your question. The ‘bonding’ here would be for employee dishonestly and not performance related. An employee dishonesty bond protects your clients from you and your employee should they steal while on your client’s premises. In this case their yard or home. These are referred to as either a janitorial services bond or a business services bond.

There is some protection for an owner with these types of bonds. If your employee does in fact steal from one of your clients and is prosecuted and convicted of the crime, the insurance company will pay the claim (usually this equals the amount stolen and is filed by the victim of the theft). This said if the victim is made whole, there is less chance of you, the owner, needing to make restitution to the victim from your own pocket.

There is no indemnification so you do not have to financially qualify for this type of bond. This means that if the insurance company has to pay a claim against your bond, you do not have to pay them back. On all other types of bonds (license, permit, performance, bid…) you would need to indemnify the insurance carrier and therefore pay them back any claims they paid on your behalf. In these cases you need to financially qualify and the insurance carrier would underwrite your application as such.

The type of bond you would be obtaining is more along the lines of an insurance type policy and not surety. And as you know on car insurance, for example, you are not required to pay back the insurance company if they pay to have a dent fixed.

The bond premium is directly related to the amount of coverage and the number of employees covered. These are relatively cheap in cost.

Contact your current insurance agent or look in the yellow pages under either ‘bonds’ or ‘surety bonds’ for a local agent.

The liability insurance would again protect your clients. However in this case it would be against any damage you cause them on their property.

Amanda Said:

Insurance and bonding for homecare business in Toronto?

We Answered:

Greetings!
First of all, you must understand that there are dozen factors that must be taken into consideration while calculating your insurance price
The definition o business is not enough to make even an approximate calculation. What I can recommend you – is to contact any insurance company itself, or use one of dozens free online insurance quotes. There you can specify all needed options, and get complete offer with a fixed price as soon as possible. By the way, more companies you will look through, and more quotes you will fill – more offers you will receive. In the end you will be able to compare them all and too choose the best one.