Fidelity bonds are different than surety bonds but help safeguard businesses just like any other insurance policy. Under a fidelity bond the surety agrees to indemnify an employer for any losses the employer incurs resulting from the dishonesty of its employees.
Fidelity coverage, also known as dishonesty insurance, is treated like an insurance policy for good reason. Employee dishonesty is subject to the same laws of predictability as fire, liability from accidents, and other perils inherently associated with business operations.
Unfortunately, whether intentional or unintentional, wrongdoings in the workplace occur every day. From embezzlement and distorted financial statements, to bribery and kickbacks. questionable business practices threaten all businesses in all industries. For this reason. an increasing number of businesses are purchasing fidelity bonds for peace of mind.
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Let our experts talk with you about the importance of fidelity bonds so that we can identify the type and amount of coverage that suits your business's needs.
Click here if you are in need of a Fidelity Bond in Southern Illinois.