An fidelity bond professional exterminators is an inexpensive way to protect a pest control company's clients clients and legally advertise as a "bonded enterprise". This type of commercial crime coverage is often called a "third party fidelity bond" or "dishonesty bond". Fidelity business service bonds for pest control services may be written on a blanket basis that protect ALL clients or on a client-specific basis if the exterminatory sub-contracts for a large national or regional provider. A fidelity bond covers the dishonest acts of employees that provide services "on the premises" of clients but can also be written a full fidelity product which offers internal theft (embezzlement) protection. Employee theft from client properties is common. Statistics demonstrate that approximately seventy five percent of retail and labor employees steal from their employers at least once and that those losses often account for a very large percentage of the business's annual revenue. Your pest control business may be vulnerable to losses like these:
Background investigations, reference checks and interviews of applicants are essential risk management tools however they may not guarantees that an employee will not commit a dishonest act. One significant loss can zero a pest control company's profitability. A client lawsuit against you and your firm can result in bankruptcy, loss of career and irreparable reputation damage in the industry. Employee theft is the cause of over a quarter of business failures. An exterminator's fidelity bond can mean the difference between closing your doors and running a profitable business that enjoys the trust of its clients.
Some states require pest control specialists to be license. In addition to a dishonesty bond, you may need a surety bond in these states:
National fidelity bond leader, Surety One, Inc., specializes in underwriting fidelity risks for ALL types of businesses. No background checks are required and we NEVER turn deny an applicant. Call (800) 373-2804, email Underwriting@SuretyOne.com or click here to discuss your pest control serviice bond needs. We offer commercial crime coverage, cyber risk and hi-cap third party fidelity bonds in all fifty states, Puerto Rico and the U.S. Virgin Islands.
Surety bond application review and quoting are free of charge. There is no obligation to purchase.