Fidelity Surety Bonds
Fidelity bonds protect an employer from employee theft. With a fidelity bond, the employer guarantees money and property from damage by an employee's negligent or dishonest actions. Insurance companies, security firms, and banks typically require fidelity bond coverage.
Brunswick Companies provides the surety and fidelity bonds you need at the best rates in all 50 states.
Fidelity Bond Coverage
Get the right coverage for your business with a fidelity surety bond. Dishonesty fidelity bonds protect against employee theft. Business services fidelity bonds protect your business or your clients.
For the right amount of coverage for your business, consider these three types of fidelity bonds:
- Blanket position bonds offer the same amount of coverage for all employees. (Large businesses typically choose this type of bond.)
- Position schedule bonds provide specific coverage for each job position listed in the policy.
- Name schedule bonds provide specific coverage for each individual employee listed in the policy.
For private sector employee benefit plans, the Employee Retirement Income Security Act (ERISA) sets rules and standards of conduct for investing and managing assets. An ERISA bond protects the retirement plan against losses caused by fraud or dishonesty.
Janitorial Services Bonds
Required by many states, a janitorial services bond protects both clients and the janitorial service business. This bond guarantees any unexpected expenses to cover a customer’s reimbursement for a claimed loss.
The notary bond protects the public from a notary’s negligent mistakes or dishonesty. As a measure of risk management, the bond allows victims of wrongdoing to file for reparation.