Temporary Staffing Agency Fidelity Bond
A staffing agency bond or temporary staffing fidelity bond is an inexpensive way to protect both your business your clients. This is a type of commercial crime coverage referred to as a "business services bond" or "dishonesty bond". A third party fidelity bond is a coverage which insures against the dishonest acts of employees that provide services on the premises of a client and addresses those specific perils of a staffing agency placing workers in a business office. Employee theft from client businesses and residences is common. The statistics report that approximately seventy five percent of retail and labor employees steal from their employers at least once and that those losses account for seven percent or more of annual revenue. Is your business vulnerable to losses like these?
- A temporary worker delivered a package to the house. He broke in to a utility vehicle on the premises and stole a firearm. ("Temporary delivery worker accused of stealing pistol", WTOC 11 News)
- A temporary UPS worker was charged with stealing a package containing gift cards values at $2,000. ("Temp worker at Muhlenberg Township UPS stole box with $2,000 in gift cards, police say", Reading Eagle)
- During the unloading of a UPS truck, a temporary staffer placed three packages under several dumpsters located near the loading dock of the facility which contained nearly $2,000 of technology equipment, including two Amazon Kindles, an iPad 7 and a Microsoft Surface Pro. ("UPS seasonal employee hides packages, steals them later", WPLG Local 10 News.)
Proper background investigation and reference checks of potential staffers is a good risk management tool however it is not possible to watch every temporary at all times. One significant loss due to employee dishonesty can erode a staffing agency's profit or worse, a client lawsuit against you and your firm can bankrupt you and cause irreparable reputation damage. Given that employee theft is the cause of over a quarter of business failures, a temporary staffing service bond can mean the difference between losing your livelihood and running a profitable business.
National fidelity bond leader, Surety One, Inc., specializes in underwriting fidelity risks for ALL types of business risks. No background checks are required, and we NEVER turn away an applicant. Call (800) 373-2804, email Underwriting@SuretyOne.com or click here to discuss a temporary staffing agency fidelity bond or surety bond need.
Surety bond application review and quoting are free of charge. There is no obligation to purchase.
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