Tuesday, May 27, 2014

How do you get a power washing company bonded in Austin Texas?

How do you get a power washing company bonded in Austin Texas?
First you need to know what type bond you are looking for. There are several types of bonds possible for your power wash company. Second find an insurance agent who is familiar with commercial insurance, probably and independent, then they can calculate you a premium or price for the bond. You probably need a janitorial bond, but I don't know that without you telling me, but that bond is based upon number of employees, they are grouped in premium rates generally from 1-5, 6-25, and then over 25. The base bond typically runs under $200 per year, but remember, the bond does nothing for you. It only builds credibility with your customers. If you have a claim against the bond, the bond company will pay the Plaintiff and then come after you for the money they spent, so make sure this is really what you want. Many companies place "licensed and Bonded" on the side of their trucks, but most don't know why it is there.

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