What is a Fidelity Bonds
Fidelity bonds are a form of crime insurance policies that safeguards business assets. Fidelity bonds are ideal for small to midsize businesses. Fidelity bonds protect the business for losses incurred as a result of fraudulent acts of employees. Fidelity bonds protect the business monies, securities, and other company assets.
Why These Bonds are Needed
A business should trust their employees; however the fact is a large portion of employees steal from their employers each year. The Chamber of commerce estimates the annual loss to businesses due to employee theft is $40 billion.
Obtaining The Bond
Instead of self insuring or absorbing this potential loss, a business can easily obtain a Fidelity bond for relatively a very small cost. Complete the simple one page application and return it to us for a same day quote.
Fidelity Bonds Include
- Business Service Bonds (Employee Dishonesty Bonds)
- Crime Bonds
- Pension Trust Bonds (ERISA)