Tag

third party fidelity bond

A Business Services Bond Gives Third Party Fidelity Bond Protection

A business services bond is a type of commercial crime coverage, sometimes referred to as a dishonesty bond which is narrowly written to cover the third party perils of specific types of businesses. Many professional and occupational service providers conduct… Continue Reading →

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 →

A Janitorial Services Bond – Excellent Protection for Janitors and Clients

A janitorial services bond is an inexpensive and effective way to protect both your cleaning service AND your clients. Also referred to as a “business services bond” or “dishonesty bond”, this instrument is a third party fidelity bond which insures… 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 →

Third Party Fidelity Bond

It is well established law in most states that a standard fidelity bond does not cover an insured’s liability to a third party, even though an employee’s dishonesty is what sets into motion a chain of events culminating in that liability. … Continue Reading →

© 2020 Surety One, Inc.

Top ↑