Fidelity Bond Coverage
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What is a Fidelity Bond?

You work hard to build your business by hiring only employees you can trust. But what about those few “bad apples” who slip through the cracks? Even when stringent employee screening and careful supervision aren’t enough, Nationwide offers fidelity bond coverage to protect your business against employee theft.

If one or more of your employees is entrusted to handle cash or other valuable assets, you should consider a fidelity bond. Fidelity bonds include business services bonds, standard employee dishonesty bonds and ERISA bonds.

Find the fidelity bond insurance coverage that fits your unique situation.

Business services bonds

Business services bonds protect against the loss of a customer’s money, equipment, supplies and personal belongings caused by dishonest acts of your employees while on the customer’s premises. Beyond protection, this type of fidelity bond is great for differentiating your business from competitors who aren’t bonded for fidelity. This kind of bond can be a good solution for businesses like janitorial services, contractors, dog sitters and house sitters.

Standard employee dishonesty bonds

Standard employee dishonesty bonds protect your business from financial loss due to fraudulent activities of an employee or group of employees. The loss could result from employee theft of money, securities or other property. This type of bond can be a good solution for non-profit organizations and professional offices including CPAs, dentists and physicians.

ERISA bonds

The Employee Retirement Income Security Act of 1974 requires trustees of pension plans to have fidelity bond coverage equal to at least 10% of the total plan’s assets. ERISA bonds protect participants and beneficiaries from the dishonest acts of a fiduciary who handles employee benefit or pension plans, including 401(k)s.

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If you’ve got valuable assets you need to entrust to your employees, find an agent and get started protecting your business today?

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