Locksmith Fidelity Bond

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Coverage Limits from $5,000 to $5,000,000

Locksmiths generally offer "on premises" residential and commercial services can benefit greatly from fidelity bond protection. The coverage is an inexpensive way to offer peace of mind to customers and legally advertise as a "bonded locksmith". This type of crime coverage is often referred to as a "third party fidelity bond" or "dishonesty bond". These business services bonds may be written on a blanket basis that cover all clients or client/contract-specific basis for a individual and entities that require dishonesty coverage as part of their vendor requirements. A third party fidelity bond covers the dishonest acts of employees that provide services "on the premises" of clients. Employee theft of client property is common. Approximately seventy five percent of retail and labor employees steal from their employers or employer's clients at some point. Those losses often account for a painful portion a firm's total income. Your carpet cleaning business may be vulnerable to losses like these.

  • "His neighbors saw the car parked there for up to three hours. He then believes a thief paid the locksmith in cash, to make a duplicate key on the spot." Thief Uses Locksmith to Steal Car in Oakland
  • "A local locksmith admits he stole nine vehicles and made $50,000 cash in the process by selling them on Craigslist, according to a search warrant." Locksmith admits to stealing cars and selling them
  • "A former locksmith, safe-cracker and career criminal has been sentenced to at least a decade in prison by a Union County judge." Former locksmith sentenced to more than 10 years in prison for central Ohio break-ins

    • Background and reference checks are helpful practices however there is no guarantee that a cleaning service will not commit a dishonest act. One large loss can zero a handyman company's total annual income or worse. A client lawsuit against a contractor can result in bankruptcy and irreparable reputation damage. Employee theft is the cause of over a quarter of business failures. A locksmith bond in full force and effect can mean the difference between closing the operation or running a profitable business that enjoys the trust of its community.

    National fidelity bond leader, Surety One, Inc., specializes in underwriting fidelity risks for ALL types of businesses. No background checks are required and we NEVER turn deny an applicant. Call (800) 373-2804, email Underwriting@SuretyOne.com or click here to discuss your locksmith fidelity bond need. We offer commercial crime coverage, cyber risk and hi-cap third party fidelity bonds in all fifty states, Puerto Rico and the U.S. Virgin Islands.

    Surety bond application review and quoting are free of charge. There is no obligation to purchase.