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fidelity bond

Internal Controls Are a Fidelity Bond Must

A fidelity bond, also known as a commercial crime policy provides excellent protection to business and government entities that employ persons with money or other things of value under their control. Fidelity bond underwriting largely focuses on the implementation of… Continue Reading →

Fidelity Bond for Credit Unions (NCUA Rule Change)

Many financial institutions must comply with fidelity bond requirements. Both corporation credit unions and natural person credit unions are no exception. A new Rule recently adopted by The National Credit Union Association made some changes to the fidelity bond instruments that… Continue Reading →

Fidelity Bond Could Have Covered $3mn Dishonesty Loss

A fidelity bond (commercial crime coverage) is generally an inexpensive insurance protection when unexpected losses occur due to employee theft. A recent case example was reported by Matthew LeBlanc of the Journal Gazette. “An Auburn man, his sister and her… Continue Reading →

What Is a Financial Institution Bond

“Formerly known as a bankers blanket bond, and sometimes referred to as a fidelity bond, the financial institution bond as it is commonly known, is simply an insurance policy.  Though the term “insurance policy” does not typically appear in its… Continue Reading →

ERISA Fidelity Bonds for 2016

As we begin the new year, many enterprises are establishing or reviewing their pension, 401(K) and defined benefit plans. Surety One, Inc. would like to remind you that U.S. Codes, ERISA section 412 and related regulations (29 C.F.R. § 2550.412-1… Continue Reading →

New California Bill Requiring Dishonesty Licensing Surety Bond Impacts Home Care Agency Organizations

Are you a California home care provider agency? If so, a new law enacted by the State of California requires you to obtain a $10,000 surety bond. California Assembly Bill 782, dubbed the Home Care Services Consumer Protection Act (HCSCPA),… Continue Reading →

Colorado Community Association Managers Must Provide Fidelity Bond / Commercial Crime Coverage

Colorado CAM Fidelity Insurance






ERISA Bond Obligation, DOL

ERISA Fidelity Bonds






ERISA Fidelity Bond Reminder 2015

ERISA Fidelity Bonds






ERISA Fidelity Bond Reminder for 2014.

Do you have the statutorily required ERISA fidelity bond in place?  The first of the year is a good moment to review your compliance checklist!  Federal ERISA section 412 and related regulations (29 C.F.R. § 2550.412-1 and 29 C.F.R. Part… Continue Reading →

Fidelity Bond, the Importance of Internal Controls

The most important fidelity bond underwriting consideration is the presence and strength of “internal controls”. A sound system of internal controls is an essential element of enterprise risk management. Every company with any significant employee dishonesty exposures should have formal internal control policies… Continue Reading →

Fianza de Fidelidad

Una fianza de fidelidad tiene por objeto garantizar la reparación de daños patrimoniales que cause un empleado, solo o en conspiración con terceros, por incurrir en un crimen o delito de “deshonestidad”.   Robo, fraude, abuso de confianza, estafa o peculado… Continue Reading →

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