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    lisa7267's Avatar
    lisa7267 Posts: 4, Reputation: 1
    New Member
     
    #1

    Jun 18, 2007, 07:12 PM
    How do I get bonded?
    How do I get bonded? Where do you go through to do this?
    Thanks. :confused:
    RichardBondMan's Avatar
    RichardBondMan Posts: 832, Reputation: 66
    Senior Member
     
    #2

    Jun 18, 2007, 07:17 PM
    Quote Originally Posted by lisa7267
    How do I get bonded? Where do you go through to do this?
    Thanks. :confused:
    Can you tell me what you want the bond to do for you, what line of business you are in and maybe I can help give you an answer.
    lisa7267's Avatar
    lisa7267 Posts: 4, Reputation: 1
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    #3

    Jun 18, 2007, 07:28 PM
    Yes, my husband has started his own locksmith company.
    A magazine has offered to bond him for $23.00. I just don't know if it is worth it, as that is in addition to the $46.00 magazine subscription.
    RichardBondMan's Avatar
    RichardBondMan Posts: 832, Reputation: 66
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    #4

    Jun 18, 2007, 07:41 PM
    Before you pay anything or buy anything, find out what's covered by the "bond" in the magazine ad. But I will guess it's in the event one of his customers believes he or his employee has committed a dishonest, illegal act and the customer has suffered a financial loss either of property or money. If that's in fact, what the bond covers, then most of those bonds contain a "conviction" clause meaning that his customer cannot simply accuse your husband or his employees of being dishonest but must actually pursue the matter in a court of law and obtain a conviction. That conviction is then considered by the surety, (bonding company) as sufficient proof of loss and then will pay according to the limits of the bond. Contact the company, have them send you a copy of the bond and read it thouroghly, then ask some more questions here or by sending me an email and I will be glad to answer. I am currently licensed as an agent to issue bonds but there are many different types of bonds, some fidelity bonds and others surety bonds. You just need more info before you buy. Your agent, if your husband, has one, may or not be trained and experienced on fidelity / surety bonds - many agents are not even though they may have a license. My experience is both an an agent and as an underwriter taking applications, questions from other agents. So let me know if I can help.
    lisa7267's Avatar
    lisa7267 Posts: 4, Reputation: 1
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    #5

    Jun 18, 2007, 07:44 PM
    OK, great... thak you! I will get the info let you know what it says.
    Thanks for the advice =)
    gwito21's Avatar
    gwito21 Posts: 9, Reputation: 0
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    #6

    Sep 27, 2007, 10:25 PM
    Quote Originally Posted by lisa7267
    How do I get bonded? Where do you go through to do this?
    Thanks. :confused:
    Your insurance company would be the best place to acquire a bond.

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