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▷ ▶ Do you need a surety bond? SelectSmart.com free Business flowcharts and decision trees.
A SelectSmart.com Flowchart by suziegarner. See suziegarner's 4me blog page.
Viewed 716 times. Created October 2013.
This SelectSmart.com Business flowchart, a free online decision tool is a creation of suziegarner and for amusement purposes only. The implicit and explicit opinions expressed here are the author's. SelectSmart.com does not necessarily agree.
BusinessDo you need a surety bond?
By suziegarner
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Use this chart to determine if you need a Surety Bond.

                 
Do you know what a surety bond is?
YES
Has someone asked you to get a surety bond?
YES
Are you licensed by your state, local authority or other licensing division?
YES
Do you know the amount of the bond that is required for your specific license?
YES
Please fill out an application with the bond type and amount and an agent will contact you shortly.

NO


NO

NO

NO


NO


A surety bond is the opposite of insurance- where insurance protects you during a loss, bonding protects the other person (client, company, etc.)
Please contact the licensing entity for your profession and ask about the bonding requirements. Not every license requires a bond.
In most cases if a license is not required there will not be a bond required either. We can write special bonds for people working in clients' homes (cleaning services, house/pet sitting businesses, errand runners, etc.)
Please contact the licensing entity for your profession and ask about the bonding requirements. Not every license requires a bond.