How do you become bonded?

In: Insurance, Commercial Insurance, Small Business and Entrepreneurship, Job Training and Career Qualifications

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Answer

Usually, the employer will have you complete a application to a bonding company.

The bonding company will do a very complete back ground check on you, to find out if you are a honest and trustworthy person, with NO criminal record. The background check will consist of speaking to previous employers, personal character references, and a computer check of the national and state records of criminal convictions.

If the bonding company is satisfied with your background they will offer to "Bond " you. This means that your employer is offered a insurance coverage that will pay the employer IF you steal from them. This is usually required in jobs where you handle cash or valuables.

Answer

It depends on what you need a bond for. Most insurance companies sell bonds or have companies they can work with to get bonds. Depending on the bond you need will determine underwriting guidelines and what you need to get bonded.

First answer by ID1119020228. Last edit by WLeach. Contributor trust: 114 [recommend contributor]. Question popularity: 110 [recommend question]

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