Bonded and Insured Business!


StarBright Pools is a fully bonded and insured business. Our pool service company is bonded by Colonial Surety Company.  We carry double the required insurance through Colonial Insurance Company. Our coverage totals two million dollars.

bonded and insured businesscolonial-logo-home

What does it mean to be a bonded and insured business?

 

Bonded
Being bonded means that a bonding company has secured money that is available to the consumer in the event they file a claim against the company. The secured money is in the control of the state, a bond, and not under the control of the company. Let’s say that you hire a cleaning company and they end up stealing your Nintendo Wii. Well, you would file a claim against the company and, after an investigation, would be paid out by this bond.

 

Insured
This is probably the most commonly understood of the three (second to being licensed) and this refers to what happens if someone gets hurt on the job. Let’s say a company is fixing your roof and a roofer falls off and hurts him or herself. If the company isn’t insured, then the claim gets filed against your homeowner’s insurance (bad). If the company is insured, then the claim gets filed against the roofing company’s insurance.

In summary, it’s important that anyone you work with is bonded, and insured. Once you know that they are, research and confirm that they are being truthful. Learn more about bonded and insured business.

bubbles300dpi-light

Leave a comment

Your email address will not be published. Required fields are marked *