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Bonded?

Discussion in 'Business Operations' started by LAWNS AND MOWER, Sep 14, 2002.

  1. LAWNS AND MOWER

    LAWNS AND MOWER LawnSite Bronze Member
    Posts: 1,129

    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??? :rolleyes:

    Lawns and Mower
     
  2. 1MajorTom

    1MajorTom Senior Moderator
    Posts: 6,074

    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.
     
  3. 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.
     
  4. GroundKprs

    GroundKprs LawnSite Bronze Member
    Posts: 1,969

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