Firstly, the definition for bonded is a guarantee of performance required, either by law or consumer demand, for many businesses, most typically general contractors, temporary personnel agencies, janitorial companies and businesses with government contracts.
Sometimes confused with insurance, bonding helps ensure that the job you’ve been hired to do is performed and that the customer is protected against losses from theft or damage done by your employees. The most common businesses that bond employees are general contractors, temporary personnel agencies, janitorial companies and companies with government contracts.
The difference between a bond and insurance is that a bonding company ensures your payment by requiring security or collateral if a claim is made against you.
Done Deal Estate Sales is not currently bonded as bonding for estate sales companies is not currently a legal requirement in the State of Florida. Also, our clients are protected through our contract, as are we from possible mishaps. We are a licensed legal business; as well as, we can provided an event insurance policy for each individual sale as needed.