Surety Bonding in Canoga Falls and Succeeding in The Freight Industry

JR Olsen Bonds

Due to improved oversight and financial literacy, it is now safer than ever for freight brokers to secure innovative and old-fashioned financial services. When looking to acquire a surety bond in Canoga Falls, one should only work with a bond company that has a completely positive reputation. In every geographic location, a small proportion of companies tend to dominate the bond business. Because choosing the wrong bond provider can leave a person exposed to many serious consequences, most sensible people approach these decisions with seriousness and gravity.

For many individuals, paying a bond of this type is a prerequisite for resolving personal issues and progressing through life with alacrity and success. Failing to secure a mandatory bond can expose a person to a dizzying array of civil and criminal penalties. Surety bond companies are particularly cherished by freight brokers. Operating with a profit margin that is typically quite modest, the typical freight broker must work quite hard to maintain a middle-class existence.

As a fair number of economic experts have convincingly argued, the freight industry could use some deregulation. Onerous regulatory requirements have artificially limited the number of freight brokers operating at any given time. In so many of this nation’s industries, well-meaning regulators have stifled economic growth through needless obstructionism. Hopefully, the public will learn to demand greater accountability from the civil servants responsible for managing the freight industry.

Thanks to growing savvy on the part of this nation’s citizens, it is exceedingly likely that the long era of big government intrusion is coming to an end. It is all too clear now that government bureaucracy can cause complications for surety bond companies and their freight broker customers. Such companies do too much good to deserve the lack of respect they currently face in the public sector. Visit jrolsenbonds.com today to secure a bond from the experts at JR Olsen.

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Compelling Reasons to Invest in Bonds for Your Employees in Canoga Park

JR Olsen Bonds

As an employer, you have certain expectations for the people you hire to work for you. You expect them to be a good investment for the time and money you put into training them. If they fail to meet your standards, you could find yourself at risk of having to make amends somehow with your customers as well as others who partner with or work for your business.

Protect Your Business

Rather than pay any settlement money out of your own pocket, you may want to invest in performance bonds for the people you hire. These bonds can act as a monetary safety net in case any of your employees engage in unscrupulous behavior.

One of the primary reasons business owners like you are often advised to buy performance bonds for an employee involves protecting yourself from fraud. You may expect your employees to be honest and hardworking at all times. However, you cannot predict if or when one of them will defraud someone who works with them or one of your customers.

Get Your Bonds Today

If an employee steals money from your business, purposely steals a customer’s private information, or engages in criminal activities for which your business could be found liable, you do not want any amends you have to make to cost you financially. You may not feel it is right for settlement funds to be taken out of your personal bank account. You also may not want to spend your business’s cash flow for this purpose.

The bonds you have in place for your employees act as an insurance policy against which you or others can make a claim. The insurer can pay out the settlement money, saving you this expense. To learn more about how bonds in Canoga Park can work in your favor, contact JR Olsen Bonds & Insurance Brokers, Inc online today at https://www.jrolsenbonds.com/.

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Safeguarding Your Company Against Fraud and Theft in California

JR Olsen Bonds

As a business owner in California, you may vet your employees thoroughly before hiring them. The background checks you performed on them during the interview process may not have discovered any serious infractions. You may have assumed you could trust all of them with the integrity and trustworthiness of your business.

Employee Dishonesty Bond

However, you can never know if or when an employee will engage in fraudulent behavior and put your business at risk. You can provide a safety net for your business by investing in an employee dishonesty bond for every person you hire.

Financial Protection

Having an employee dishonesty bond on every worker that you hire can give your company financial protection if or when an employee engages in fraudulent behavior. For example, if one of your employees steals money from a customer’s account, the bond you have on that person can be used to recoup the lost funds. You avoid having to pay the amount plus any penalties, fees and judgments out of your own bank account.

Victim Compensation

Likewise, if one of your employees lies to a customer and costs that person money, the victim could receive compensation from the bond rather than your company’s bank accounts. You as the employer or the victim’s lawyer can make a claim against the bond company. The money for the settlement will come out of that policy and not from your business’s cash flow.

Preserve Your Company

Having these bonds in place can be vital for the financial sake of your company. Still, you may want to price them before you actually invest in them for your business.

When you visit the website of the issuer, you can price the policies and find out what the premiums will cost you every term. For information about buying bonds for your employees or to learn more about how bonds work, visit JR Olsen Bonds online at https://www.jrolsenbonds.com/.

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