FIDELITY BONDS

FIDELITY BONDS FIGHT AGAINST FRAUD

As a business owner, you do everything in your power to ensure you’re hiring honest, trustworthy employees. But sometimes thorough screening and close supervision just aren’t enough. A fidelity bond is a standard component of business coverage that protects you and your customers when an employee commits theft or dishonest acts that result in loss or damage of property.

THERE ARE 3 TYPES OF FIDELITY BONDS

Our agents can help you find the fidelity bond coverage that best suits your business needs.

• Business Services Bonds Business services bonds protect against the loss of a customer’s property caused by dishonest acts of your employees while on the customer’s premises.
• Standard Employee Dishonesty Bonds Standard employee dishonesty bonds protect your business from financial loss due to the fraudulent acts of one or more employees.
• ERISA Bonds The Employee Retirement Income Security Act of 1974 (ERISA) requires trustees of pension plans to have fidelity bond coverage equal to at least 10% of the total plan’s assets. ERISA bonds provide protection for both participants and beneficiaries from the dishonest acts of a fiduciary who oversees employee benefit plans, including 401(k)s.