How Dishonesty Fidelity Bonds Help Protect Your Business

A dishonesty fidelity bond provides a business protection from financial liability due to dishonest acts of employees, such as employee fraud, theft, forgery, embezzlement, and computer fraud.

Some states require an indictment or conviction before the bond will pay out. Limits for this coverage range from a minimum of $2,500 to a maximum of $100,000.

Important Facts About A Dishonesty Fidelity Bond:

• A standard surety bond DOES NOT protect your assets from liability due to a dishonest act caused by your employee.
• If you are an owner or officer of a company that has employees working at customer locations, odds are, your business or personal assets are at risk!
• Employee theft isn't a casual occurrence. It is an intentional act of theft or embezzlement and it's the cause of one out of every five business failures. According to the Department of Justice, nearly one-third of all employees are involved in some form of theft, and this is a number that should not be ignored.

What Does This Bond Cost?

The premium cost you pay for a Dishonesty Fidelity Bond is dependent on credit, the number of employees and the bond amount required. Our rates start at $100 in most states with $10,000 coverage and five employees. Bond amounts over $50,000 will require business and personal financial statements. Contact our Surety Bond Specialists for a free quote that fits your specific situation.

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