A Conduct Bond is a surety bond required by the Texas Alcoholic Beverage Commission (TABC). A Conduct bond may be required of a retailer whose gross receipts come primarily from the sale of alcoholic beverages. TABC Conduct Surety Bonds are usually $2000 or $5,000 bonds.
Conduct bond can also cover a dishonest acts by employers, such as larceny, theft, embezzlement, forgery, misappropriation, wrongful abstraction, or willful misapplication. Fraud and embezzlement on the rise, a fidelity bond may be the key to safeguarding against clients that hire him.
Conduct bonds also known as Fidelity Bonds. Fidelity Bond is the same as Crime Insurance which provide first party coverage or in other words, coverage for the business owner.
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