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 →
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 →
“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 →
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 →
The most important fidelity bond underwriting consideration is the presence and formality 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… Continue Reading →
Did you know that the national surety leader is also the best market for your fidelity bond? Very much like our promise to always find a solution for our clients’ surety bond needs, we can do the same for your… Continue Reading →
The growth of the internet and accompanyine growth in need for I.T. specialists have created a strong demand for third party fidelity bonds to cover unique client exposures. An I.T. professional performing on-site services for a client can have access… Continue Reading →
A fidelity bond, often referred to as a commercial crime policy is an EXCELLENT way to cover your business for losses due to the dishonest acts of employees or in certain cases, outside service providers. Traditionally fidelity bonds have been written to cover… Continue Reading →
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