A security company that provides on-site guard services to government or private entities present a unique set of risks. A security guard fidelity bond is an excellent mechanism for the protection of a guard company's clients and to advertise as a "bonded enterprise". This type of commercial crime coverage is a "third party fidelity bond" or "dishonesty bond". Fidelity bonds security for companies may be written on a blanket basis that protect ALL clients of the firm or per specific client. A fidelity bond offers transfer of the risk of dishonest acts of employees that provide firm services "on the premises" of those clients The policy may also be broadened to a full fidelity product which offers internal theft (embezzlement) protection. Employee theft from client property is common. Statistics demonstrate that approximately seventy five percent of retail and labor employees steal 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, interviews and proper credentialing of applicants are essential risk management tools however they are not guarantees that an employee will not commit a dishonest act in the course of his or her employment. One significant loss can zero a security company's revenues. A client lawsuit against the firm can result in bankruptcy, loss of license and irreparable reputation damage in the security sector. Employee theft is the cause of over a quarter of business failures. A security guard company fidelity bond can mean the difference between closing the doors and running a profitable business that enjoys the trust of its clients.
National fidelity bond leader, Surety One, Inc., specializes in underwriting fidelity risks for ALL types of businesses. We NEVER turn deny an applicant but rather offer terms specific to each client's unique exposures. Call (800) 373-2804, email Underwriting@SuretyOne.com or click here to discuss your security guard 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.