Fidelity Bonds
What is a Fidelity Bond?
Fidelity bonds, also known as Commercial Crime Policies, are written to protect organizations from the impact of an employee's dishonest acts. Surety One offers very broad forms for both domestic and international business operations, following the S.F.A.A. formats, to include:
- Employee theft
- Depositors forgery or alteration
- Theft, disappearance and/or destruction of money and securities
- Robbery and safe burglary
- Computer Crime (theft, funds transfer fraud, etc.)
- Counterfeit currency/money orders
The basic coverage forms can be expanded by negotiated endorsement. Do you have an "outside of the box" or "non-standard" fidelity risk? No problem. Do you need a special fidelity bond manuscripted for your particular client? No problem. We have an appetite!
FYI - RETRO-DATING OF ERISA BOND COVERAGE
Ordinarily surety companies are not willing to backdate fidelity bonds beyond thirty days, because it would require the surety to assume potential liabilities without enjoying the benefit of underwriting and receipt of premium. Under our special program relationship WE CAN BACKDATE FAR BEYOND THE THIRTY DAY WINDOW! Let us know if your plan requires this action.
Snapshot
A fidelity bond, also known as a commercial crime policy, is an insurance coverage that protects a business enterprise from the dishonest acts of its employees.