Fidelity Bonds – Dishonesty Bonds
Fidelity Bonds or Dishonesty Bonds as they are commonly referred to as are protections against fraud by employees or any sort of bad act performed by employees, thus guaranteeing the business owners coverage of the risk. Dishonest acts of employees or workers are usually covered under this act. A business owner purchases such a bond to protect himself or his business against fraudulent activities that an employee. The bond value in such a case might vary depending upon business owner’s needs. ABC Bonding of Texas, is based in Houston Texas, also serves clients in Dallas, Austin, San Antonio, Amarillo, Tyler, El Paso, and other States Like Georgia, Arkansas, New Mexico, Louisiana and many others. Dishonesty bonds are issued to employers who seek reimbursement of losses that incur due to fraud by employees and their misgivings.
Most Fidelity bonds are issued on the same day. Dishonesty Bonds are available at a minimum of $125/yr up to 5 employees.
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Employee Dishonesty Bond
Employee Dishonesty Bonds (also known as crime bonds) are utilized by merchants to guarantee money, securities and property against loss caused by employee dishonesty. This type of surety bond protects both your business and your customers from loss incurred by dishonest acts of your employees.
Janitorial Services bonds, are a type of fidelity bonds that are designed to protect a third party, your customer in case of theft. They are designed for businesses that provide services to other business. A Janitorial Bond is a bond to protect you and your employees against unjustified allegations of dishonesty, theft, disappearance, etc. .
Business Service Bond
This bond provides protection against financial liability for the loss of a customer’s money, securities, and personal property. Business service dishonesty bonds protect the business owner from theft of personal property by dishonest employees.
Pension Trust – ERISA
ERISA is the Employee Retirement Income Security Act, a federal law enacted in 1974. ERISA established minimum standards for plan administrators and investment advisers to protect employee pension and health. ERISA Bond ERISA requires that plan officials who manage, oversee, recommend or handle funds or other property of an employee benefit plan must be covered by a personal fidelity bond, according to the U.S. Department of Labor.
Public Official Bond
Type of Surety Bond that guarantees the performance of public officials. Public officials are responsible for a broad range of property including fees that they collect, money that they handle, and bank accounts that they oversee. They may also be held responsible for the misdeeds that result in a loss.
Why Bond with Us:
• Affordable Rates, No hidden fees
• Experience, in Business since 1988
• Great Service
• Fast Approvals & Same day Delivery
• Free price quotes – No obligation to buy
• Friendly Staff
Reasons for Buying a Dishonesty Bond:
• A landlord employs a resident manager who, among other duties, collects the Rent To safeguard these funds during the collection process, the landlord purchases a fidelity bond on the resident manager.
• A bank might, for example, insure itself against losses deliberately or negligently caused by their officers and staff through the execution of a fidelity bond. If such losses occur, the amount of the bond is forfeited to reimburse the losses.
• Cleaning Service individuals or companies need this type of Dishonesty, Business service bond in case they were accused of stealing and missing valuable items from their clients place of residence or business while they performing their work.
• The owner of the business purchasing the bond may be included in the coverage. This bond is therefore ideal for pet sitting, home sitting, dog walking, maintenance worker, janitorial worker, or almost any in home service.