Bonded?

[LAWNS AND MOWER]

Okay, here's my stupid question of the month. What does it mean to be Bonded?? I see companies claiming insured, licensed, and bonded. Does this mean if they go to jail, they don't have to post bond???

Lawns and Mower

[1MajorTom]

A bond is a guarantee that the job will be completed.
If the job isn't, then the bond is taken to get the job done.
Insurance company will issue the bond.

[The Lawn Choupique]

Most companies who claim to be bonded are not. They just say that they are. Maybe one out of a thousand clients will ask to see the bond. Same with insurance.

[GroundKprs]

Very good definition by JAA:

http://www.lawnsite.com/showthread.p...189#post107189