How to Become Bonded

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In general, becoming bonded means that a person will have to prove who they are, where they live, and they will have a character background check. Find out how to get bonding from an insurance company or surety company with help from a licensed financial planner in this free video on bonds and investing.

Part of the Video Series: Bond Investing
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Video Transcript

My name is Bill Rae. I'm with Alumni Financial Services. I've been in the business and the finance world for well over twenty years. Your question is how to become bonded. That's an excellent question. Depending upon the industry that you're looking to get bonded in there'll be certain requirements that they'll ask you for. In general, bonding will require you to prove who you are, where you live. It'll investigate your character background. It'll also look for things on your criminal record. And again, depending upon what industry you're looking to get bond for they may have other requirements that they'll let you know about. Bonding is generally from an insurance company or a surety company. They're going to do their homework. They're going to investigate ya'. They're going to require perhaps fingerprinting, photo pictures, or definitely they'll do a credit background also, but they'll do a check to find out who you are. Then, they will issue your bond. And a bond is simply; like every other type of bond, someone is agreeing to say that if you either fail to do a job, or damage something on a job that they'll cover that. Of course, you'll pay some money for that, but that's bonding. My name is Bill Rae. I'm with Alumni Financial Services, and as always, we're here to help you build wealth.


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