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Business Bonding
PAGE 3
How to Find Out If Your Business Needs to Be Bonded
It's best to check with industry trade associations and your local and state government about bonding requirements for your specific line of work. Most local and state governments have regulatory or licensing agencies to help you find out if you need to be bonded or not.
Bonding Resources for You
Finally, to help you understand more about bonding, here are some links that may interest you. I don't have any personal knowledge of the companies below and am not endorsing any of them. I provide them for informational purposes only and hope they assist you in your quest for "being bonded."
- Bonding examples for electricians.
- A collection of topics. Such as 10 things you should know about surety bonding; How to obtain surety bonds. The focus is construction, but this is informative to anyone interested in bonding.
- An amusing thread by pet sitters who discuss the importance of dishonesty bonds. These people aren't professional insurers (but they'll watch your cat). So take the discussion with a grain of salt. It'll get you thinking about the issue and topics you might want to discuss with your insurance/bonding agents.
Books on Bonding
- Business Bonding with Book by Charles Brennan
- Contract Suretyship: From Principles to Practice by Richard C. Lewis -- This book guides you step-by-step through the confusing world of surety bonding. An indispensable tool of the trade for construction and contracting firm owners and managers.
Peter Hupalo
Author of Thinking Like an Entrepreneur, a great book Idea Cafe recommends to all current and future entrepreneurs.
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