Janitorial Services Bonds cover theft in customer’s home or business committed by employees of the Janitorial Service. This fidelity bond is a guarantee from Jet to provide financial reimbursement for the stolen money or possessions.
You may need this bond in order to contract with a particular client or as a marketing add-on, creating differentiation from competition and an added guarantee to your clientele.
With Jet, there are no middleman agents or brokers involved. You can purchase the bond online in moments directly from the company that will provide you with service down the road.
With Jet, the cost of the Janitorial Services Bond is dependent on the number of janitor service employees and the amount of coverage needed. The chart below details the price ranges for each bond limit, for 5-20 or more employees.
|$5,000||$100 - 212||$10 - 21|
|$10,000||$126 - 290||$13 - 30|
|$15,000||$147 - 334||$15 - 33|
|$20,000||$167 - 377||$17 - 38|
|$25,000||$187 - 421||$19 - 42|
|$30,000||$201 - 449||$20 - 45|
|$40,000||$229 - 505||$23 - 51|
|$50,000||$257 - 561||$26 - 56|
|$70,000||$320 - 670||$32 - 67|
|$100,000||$359 - 733||$36 - 73|
Jet is the only company to offer a monthly payment option with no down payment needed up front.
To cancel the bond all you need to do is email Jet, or mail if you like, a request to cancel the bond. Depending on what state your business is in, Jet applies a grace period before coverage is cancelled. Please refer to the chart below to see the grace period in each state.
|State||Grace Period (Days)|
|All Other States||10|
*In Florida, it will be 45 days before the bond cancels following your request, however, if a monthly charge is missed the bond will cancel after 10 days.
When a bond is purchased annually or in multi-year terms a refund is provided should there be any unused premium left on the bond at the time of cancellation. Other insurance carriers will apply minimum earned premiums to bonds limiting what return is available. Additionally their agents and brokers may withhold their commission that should be returned to you.
For janitorial companies on a monthly plan with Jet, we stop payment immediately once coverage is no longer needed.
The Janitorial Services Bond from Jet covers the cost to replace any cash or possession that is stolen from a client’s residence or business. Whether the crime was committed by an employee or the business owner, Jet will cover the damages.
There are several things not covered by the bond:
Temporary employees are covered only in the event a foreman is on the jobsite.
Before Jet, or any surety company, is able to make a payment for the loss sustained a criminal conviction must have occurred against the guilty party.
The janitor service must provide Jet notice of the theft within 15 days of the occurrence. Eventually we will need a detailed account of what was stolen and the amount necessary to reimburse the affected party. Evidence of the conviction will need to be provided as well. In North Carolina, documentation of an indictment is required in lieu of a conviction.
Once Jet has the proper documentation required to make a claim payment, we will send a check directly to the Janitor Service. If the theft was committed by the owner or an officer of the Janitor Service, the reimbursement check will go directly to the affected party.
At Jet, our application process is straightforward, and can be completed within minutes. Basic information is collected including number of employees and the amount of coverage needed. The completed bond form will be immediately available online following the purchase.
With the monthly option, there is no renewal process. As long as automatic payments come through the bond coverage remains active.
For annual payment terms, Jet will send notice prior to the expiration date and the Janitorial Service only needs to make payment to extend coverage.
Any time there is a change in the number of employees, Jet must be notified. For those on monthly payments, Jet will simply lower or raise the payment amount accordingly. Janitorial businesses on annual bond terms will either receive a prorated refund or owe an additional amount for the coverage needed from that point until the bond’s expiration date occurs.
The same applies conditions apply if there is a need to reduce or increase the bonding coverage.