FREE!
21+ Team Members
Businesses are not a “one size fits all”. This is why we built the Vetted Report platform to allow any Vetted Business Report to be customized by using the 6 flexible Vetted fields. This flexibility allows the business to showcase their most important vertical specific due diligence documents that provide the most value to their customers. This one click business report solution will not only save the consumer time from having to search the internet for these docs but the proactive process of amplifying trust, transparency and credibility is a big win and advancement for both the consumers and the businesses.
Vetted Pro Since 2022 LicensedInsuredEntity in good standingIn business since 1996Vetted business code of conductThis dynamic snapshot is placed on the businesses website to provide a preview and one click access to the report for both the business.
Get Started in
Seconds
Demo Covers All Features,
Advantages, & Benefits
Get Started in
Seconds
Demo Covers All Features,
Advantages, & Benefits
Get Started in
Seconds
Demo Covers All Features,
Advantages, & Benefits
What is a business surety bond and what does it do?
Principals purchase surety bonds to safeguard third parties from failure to meet contractual obligations. Surety bonds include four primary forms. The most common surety bonds are commercial surety bonds and contract surety bonds, which protect both private and public interests. Fidelity surety bonds and court surety bonds, which are less prevalent, protect against theft and lawsuits. Some types of surety bonds are required by private developers, while other types are required by law, as is the case with large commercial projects and government projects.
How do surety bonds help build business credibility?
Surety bonds can give both consumers and businesses added protection. When a company shares their surety bond that is required or best practice for their industry, it shows that their business is committed to trust and transparency and can amplify the credibility of the business.
Some industries and professions that often require a bond are included below. However, this is not an extensive list because bonding regulations vary by state and municipality.
Examples of business types and professions that typically require a business surety bond
Any company that wishes to protect itself or its clients against theft and/or employee dishonesty can use fidelity surety bonds. A fidelity surety bond is not usually required. However, the following businesses can benefit from a fidelity surety bond:
What is additional business licensing and what does it do ?
In addition to state and local government business licensing, there are a host of other licenses that may or may not be required based on the profession and or state and local regulations.
How does additional licensing help build business credibility?
Additional licensing protects not only the consumer by ensuring that the business they are dealing with has met all of the requirements for their location and industry, but it also sends a signal to the market that they are up to date with their licensing and that they take pride in their chosen field. Trust & Transparency are exponentially increased when a business shares their additional licensing to a prospect or consumer and everyone wins.
Examples of some of the most common additional business and occupational licenses.
Many states require business owners in specific fields to obtain a specific kind of license in order to operate legally. Professionals and business owners often need this operational license to start their own businesses and to keep them running over the years.
In general, however, a business or professional might need an occupational or professional state license if you’re in one of the following professions:
What is additional business insurance and what does it do?
In addition to state and local government required business insurance there are a host of other industry and vertical specific insurance that may or may be required based on the profession and or state and local regulations.
How does additional business insurance help build business credibility?
Additional insurance protects not only the consumer by ensuring that the business they are dealing with has met all of the insurance requirements for their location and industry, but it also sends a signal to the market that they are up to date with their liability protection for their company, staff, vehicles, and more . Trust and transparency are exponentially increased when a business shares their additional insurance with a prospect or consumer and everyone wins.
Types of Business Insurance
There are many types of additional business insurance that a typical business may need to protect their business and their customers. Obtaining and sharing proof of all of the necessary and recommended insurance is a business best practice and can build trust and show a commitment to transparency to amplify credibility with the consumer.
General Liability Insurance
Every company needs general liability insurance. Third-party bodily injury, third-party property damage, and advertising injury are all covered under this policy (accusations of libel, slander, copyright infringement, etc.). The amount of coverage required is determined by the type of business, its size, assets, and corporate structure.
Commercial Property Insurance
A company may have commercial property insurance to protect itself against loss of business or personal property. This form of business insurance typically covers storm, fire, theft, or vandalism damage to the building and any inventory or equipment within it.
Business Interruption Insurance
If your company’s property is damaged and needs to be repaired, it can be quite inconvenient. If you are unable to remain open while repairs are being made, business interruption insurance can help cover financial losses. It can pay for your employees’ salaries, taxes, operational expenses, debt payments, and, in some cases, the cost of a temporary location. If the business interruption insurance can keep your project on track, this can have a cascading effect on the customer.
Professional Liability Insurance
If the company provides professional advice or is in charge of project completion, such as a doctor, lawyer, or architect, they must have professional liability insurance, often known as errors and omissions insurance. This coverage can protect them and your company if you are accused of (or were accused of) negligence, missing deadlines, undelivered services, or a violation of nondisclosure or copyright agreements. Malpractice insurance is a type of professional liability insurance that is often required of doctors and other professionals.
Workers’ Compensation Insurance
If the company hires employees, they are legally obligated in most states to acquire workers’ compensation insurance. Workers’ compensation protects both the company and its employees if they are hurt or become ill at work. This insurance can cover an employee’s medical expenses as well as lost pay while they recover.
Commercial Umbrella Insurance
It may be more cost-effective for a small business to obtain an umbrella policy rather than increase the limits of an existing policy with their insurance company. An umbrella policy may also cover business risks that are not covered by the existing policy. For example, if the general liability policy limitations are exhausted, umbrella insurance can jump in to cover whatever is left.
Commercial Auto Insurance
Is the business model based on vehicles? Does the company perform deliveries or house visits? If you use a car, truck, or other vehicle for business purposes, your company will require commercial auto insurance.
Cyber Liability Insurance
If the company suffers a data breach and customer data is accessed or stolen, cyber liability insurance can:
Notify those who are affected.
Give them credit monitoring services.
If needed, cover the cost of informing the public.
Some insurers refer to this as data breach insurance. This type of insurance is required for anyone who saves client information electronically.
Product Liability Insurance
If a company manufactures or sells any kind of product, they may be held accountable if that product injures somebody, damages their property, or causes them to become ill. If the company is sued, product liability insurance can help pay for the medical bills, replacement of the item, court fees, and settlement costs that come with it.
What Is business or professional continuing education?
Continuing education (CE) is a general term that’s typically used to describe learning acquired after the completion of a course of study. Some business professionals may be required to participate in continuing education in order to keep their license or certification current.
Why is continuing education important to help build business credibility?
Whether CE is required to keep a license or certification current or is optional, it shows that the professional or business that they work for is committed to a life of learning in their trade and can be a sign that the professional holds their credibility and skill set to the highest standards.
What are industry accreditations?
Accreditation is the process through which a governing body certifies or accredits that an individual, process, organization, product, or object fulfills a certain set of predetermined requirements. An audit, test, or assessment is usually part of the accreditation process.
Why are industry accreditations important for building business credibility ?
Most well-established and respected businesses have invested in their dedication to excel with industry, trade, and other third-party accreditations. This could indicate that the company takes its industry and profession seriously and holds themselves to the highest standards.
What are trade associations and memberships ?
A trade association, also known as an industry trade group or business association, is an organization founded and funded by businesses that operate in a specific industry. An industry trade association typically participates in public relations (PR) activities such as advertising, education, publishing, lobbying, and political donations, but its focus is on collaboration between companies. Other services that associations may provide include organizing conferences; hosting networking or charitable events; and providing seminars or educational resources. Every industry is different, but one thing they all have in common is that the trade organization and the businesses it works with are all committed to the greater good and the pursuit of excellence in the industry they represent.
Why are trade association memberships important for building business credibility?
Trade association memberships are typically a good sign that a business and its principles are in tune with the industry that they are working in and serve as a way to better validate by association that a business takes their industry and profession seriously and holds themselves to the highest standards.
What are industry awards?
Most businesses that are well established and credible typically have been rewarded for their commitment to excellence with Industry, trade, peer group, colleagues or consumer based awards.
Why are industry awards important for building business credibility ?
This is a critical component of trust and credibility and provides a business the ability to shine and separate themselves from the middle of the pack in their market by sharing any big (or small) awards to create additional trust and credibility.
Examples of industry awards
There are many types of awards, including best of your city, state or town; trade association awards; digital and media awards; and municipal awards are all common. Vetted provides the opportunity to showcase any and all awards that are relevant to your business or market.
What are industry certificates?
Working with a business that values being certified in their career field allows the business or professional the opportunity to demonstrate to customers their competence, credibility, experience, and dedication to the field.
Why are industry certifications important for building business credibility ?
Most businesses that are well established and credible typically have invested in their commitment to excellence with industry, trade, and other third party certifications. These can typically be a sign that the business takes their industry and profession seriously and holds themselves to the highest standards, as evidenced by their certifications.
Some of the more common fields that emphasize certifications are below, but these can also be location and vertical dependent.
What are professional affiliations?
A professional association is a group of people who work in or have an interest in a particular professional field or industry. Professional organization members may usually connect on a regular basis to discuss upcoming developments in their industry or may host events for other members to meet and connect. Several well-known and respected professional groups are nationally recognized, with local chapters in a wide range of cities. People can join these local groups and go to events to meet other professionals in their area and make connections.
Professional associations may also conduct educational events and give members access to resources to assist them in discovering more about their industry in order to excel in their careers. Some groups will welcome members who are still in college and want to learn more about their profession or industry. Some professional associations charge a membership fee, while others are free to join.
Why are professional affiliations important for building business credibility ?
Working with a business that values professional affiliations in their career field allows the business or professional the opportunity to demonstrate to customers their competence, credibility, experience, and dedication to the field.
Examples of the more common fields that emphasize professional affiliations.
At Vetted our mission is to help consumers find credible businesses that they can trust. Vetted Pro business report listings contain the most comprehensive information in the industry and is the ultimate resource to help you choose the best provider for your needs.
Copyright © 2024 Vetted, All Rights reserved.
Made with in Charleston, SC
Fast & Easy Setup
No Risk & No Obligation
Have you claimed your business so that you can add and edit any missing information?
Don’t worry, claiming is 100% free and does not require a credit card.
As a business, completing your custom Vetted Credentials Report fields by adding all of the necessary license, proof of insurance, trustmarks, images, certificates, awards, and other documentation using the easy and intuitive enrollment wizard in Vetted can benefit your business in several ways.
By doing so, you can increase your visibility to potential customers who are searching for reliable information about your company, build trust and credibility with customers, and improve your overall reputation in the marketplace.
Providing a comprehensive and up-to-date report can help you stand out from competitors and establish your business as a reliable and trustworthy choice.
In turn, this can lead to increased customer loyalty, repeat business, and positive word-of-mouth recommendations. Overall, completing your Vetted Credentials Report fields is a smart business decision that can help you differentiate yourself, improve your reputation, and ultimately drive growth and success for your business.
All Vetted businesses agree to honor the code of conduct pledge. It’s a pledge that reflects their commitment to the highest level of service and support in their vertical and local market.