The purpose of bonding is to insure that the business has funds to complete
the job. I have both a California Real Estate Brokers License, and a
California General Building Contractor license. California Brokers license
is the most powerful brokers license in the country, in as much as it
allows the holder to act, in many instances, like an attorney. However, as
a broker, I am not required, nor is there any reason to, carry a bond.
A contractors license does require a bond, in order to insure that the
funds will be there to pay the bills. In California it is ten thousand
dollars, which wouldn't take you very far. In states, like Nevada, your
license is only as good as the amount of your bond.
There is no purpose here to carry a bond. Liability insurance if you
damaged something at there property, ..maybe. Best Buy, or a big pocket
like it, would, of course, carry something.
I could see where if you bid a government contract, and they required you
to obtain a bond, so that they could be sure you had the funds necessary to
do the job.This would be just like a contractor bond.
At 09:01 AM 7/19/2005, you wrote
Thane Sherrington wrote:
I'm insured, but not bonded. Is that something I should consider?
I dunno. I'm not even insured. But then again I try to limit dealing with
on-site service or really anything outside of my 9-5 IT job.
