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Old 04-30-2003, 04:00 PM
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T. Matthews T. Matthews is offline
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Join Date: Apr 2002
Location: Dunstable,Massachusetts
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Insured and bonded

Hey Guys,

I have a quick question, I just got liablitiy insurance. Do i needed to be bonded also what is it mean to be bonded?


Thanks
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Old 05-01-2003, 02:03 AM
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hosejockey2002 hosejockey2002 is offline
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Join Date: Jun 2002
Location: Auburn, WA
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In my state you have to be licensed, insured and bonded if you are making any alterations to real property. If you are doing maintenance you don't need to be bonded. A bond protects the consumer if they pay you a bunch of money up front to start a job and you don't complete it. If you do this, then the consumer can go after your bond. In my state a specialty contractor needs a $6,000 bond. This costs me about $150/year. Your state's requirements are probably different.
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Old 05-01-2003, 11:04 AM
JD PLOWER JD PLOWER is offline
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Try this thread. Its the best explanation I've seen of bonding.

http://www.lawnsite.com/showthread.p...hlight=BONDING
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Old 05-02-2003, 05:39 PM
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Mykster Mykster is offline
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Location: Arlington, WA
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Quote:
Originally posted by hosejockey2002
In my state a specialty contractor needs a $6,000 bond. This costs me about $150/year. Your state's requirements are probably different.

I think I got hosed. I paid $225 for my bond. I went through my Lia. Ins. agent. Maybe that's why.
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Old 05-03-2003, 09:38 PM
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Mike- I got mine through my insurance agent also. Maybe he cut me a little slack because we were acquaintences before I did business with him.

Roy Smith
RJS Compact Tractor Services
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