I own a repossession company and a house sitting service. I have an employee that works for both. Do I need to bond him separately or once he’s bonded he bonded thank you in advance for you help
Related posts:
When Bonding a person does the bond cover more than 1 business?
A bond is not insurance. It is very, very specific, what it covers. So, pull out your bond and read it. It probably either names him specifically, and names the obligee, OR, it names “all employees of XYZ house sitting”.
The bond only pays out, under certain circumstances – you’ll have to read your bond to see what those are, but likely, it’s limited to house sitting.
Lastly, there are HUNDREDS of different kinds of bonds, and the repo company is going to require a different type of bond, to a different obligee, than the house sitting bond.