Employee Theft Can Put You Out of Business
Do you trust your employees? Sure, you’d like to trust them 100%. But are you willing to put your business on the line with that trust?
Every year in the US, businesses lose around $60 billion due to dishonest employees. Employee theft can be one of the most damaging causes of business failure, with around 30% of businesses closing as a result.
No matter how much you trust your employees, it’s a good idea to protect yourself from possible harm they could cause. You need a Dishonesty Bond and/or a Business Services Bond.
If your employees are handling money or doing bookkeeping, then a Dishonesty Bond can protect you from theft, embezzlement and forgery. This is also known as a Fidelity Bond.
Business Services Bonds
If your company deals with services such as appliance repair, housekeeping, lawn maintenance or other trades that involves going to a client’s home or business, you may want to consider obtaining a Business Services Bond. This protects you from liability due to dishonest acts of your employees while on location.
In the event a customer loses money or personal property due to an employee’s actions, your business would be protected from liability. Examples of businesses that could benefit from having this bond include:
Appliance Repair Child Care Food Catering
Gutter Cleaning Health Care Provider Housekeeping
Interior Decorator Janitorial Services Lawn Services
Locksmiths Messenger Services Maid Services
Moving Companies Other Contractors Painters
Pest Control Pet Sitters Pool cleaning
Making a Claim
If you have a Business Services Bond or Dishonesty Bond and you want to make a claim on the bond, you may need to prosecute the employee first to prove the claim is legitimate. A conviction might be necessary before the Surety will pay the claim.
If you run a business that could benefit from a Business Services Bond or a Dishonesty Bond, you must purchase it from a Surety through a licensed agent, such as SuretyGroup.com.
SuretyGroup.com‘s Surety Bond Specialists can often give you same-day approval that makes the process quick and easy.
SuretyGroup.com – Your Online Bond Provider.
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