Surety Bond For Property Management Company
Hi, I am starting a property management company and Iwouldlike to know what type of bond I should have for my company. My fear is that in the event I were to say get robbed after collecting rents, that I would have insurance to protect my company.
Isn't a srety bond, also known as a performance bond... based off the companies "performance"
I actually have a client of mine in Essex county N.J., looking for a $2M performance bond, if any can help it would be appreciated.
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You may also want to consider the better business broker group you can find them online they provide small business insurance coverage. I recently got a 1million liabilty coverage... check them out..and good luck.
Most commercial insurance Agents/Agencies should be able to get you such a bond quickly and relatively inexpensively...
Thanks for the info!