My Mover is ‘Bonded’; What Does This Mean?

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Get your milk, I’m serving up dry toast.

Movers in Vancouver often advertise themselves as “Licensed – Bonded – Insured.”  You may be surprised to learn that “Bonded” doesn’t mean what you think.

Broadly speaking a bond is a form of insurance used to protect a business from losses caused by theft or incompetence. The three most common forms are fidelity bonds, contract bonds and miscellaneous bonds. And here in lies the confusion: the fidelity bond as it relates to movers, has nothing to do with a criminal background check. The fidelity bond protects a business if an employee …
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