An fidelity bond professional movers is an inexpensive way to protect a moving company's clients clients and advertise as a "bonded enterprise". This type of crime coverage is often called a "third party fidelity bond" or "dishonesty bond". Fidelity bonds for moving companies may be written on a blanket basis that protects ALL clients of a mover or client-specific which is convenient if the mover sub-contracts for a large national or international cargo transport business. A fidelity bond covers the dishonest acts of employees that provide services "on the premises" of clients or as a full fidelity product which offers internal theft (embezzlement) protection as well. Employee theft from client properties is common. Statistics demonstrate that approximately seventy five percent of retail and labor employees steal from their employers at least once and that those losses often account for nearly ten of annual revenue. Your moving business may be vulnerable to losses like these.
Background investigations, reference checks and interviews of applicants is an essential risk management tool however those are not guarantees that an employee will not commit a dishonest act. One significant loss can zero a moving company's profitability. A client lawsuit against you and your firm can result in bankrupt, loss of career and irreparable reputation damage in the industry. Employee theft is the cause of over a quarter of business failures. A mover's fidelity bond can mean the difference between closing your doors and running a profitable business that enjoys the trust of its clients.
Moving companies may also need the following surety bonds.
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 moving company 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.