Understanding the Difference Between Bonded and Insured: What You Need to Know

Understanding Surety Bonds in the Cleaning Industry When house cleaners Virginia Beach professionals describe themselves as bonded, they are referring to a specific financial guarantee that protects clients from dishonest acts. A surety bond functions as a three-party agreement between the cleaning service, a bonding company, and you as the homeowner. If a cleaner commits theft, fraud, or intentional property damage while working in your home, the bond provides financial compensation up to a specified amount, typically ranging from $5,000...