If you are a sole proprietor in a service industry do you need to get bonded?

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1183875

2026-07-19 10:31

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This depends on your business classification and your local business statutes. If you determine you do need to be bonded, contact your local insurance agent and buy an insurance bond. The type of bond will depend on your business classification. Most likely what you actually need is for your business to be " Insured ". In other Words. Commercial General liability. Many if not most Bond Issuers will not issue you a bond if you do not carry appropriate Insurance for your business venture. being Bonded is not the same as being Insured.

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