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Fidelity Bonds
The Facts of Employee Dishonesty
Fact: The U.S. Commerce Department estimates the annual cost of employee theft at $40 BILLION, ten times that of street crime!
Fact: Most companies don't know they have an internal theft problem, and make the discovery by accident TOO LATE!
Fact: The American Management Association estimates that employee theft causes 20% OF ALL BUSINESS FAILURES!
Fact: A national survey reported ONE-THIRD of all retail, health care, and manufacturing employees admitted stealing from employers in the last year.
Fact: Losses due to employee theft for business under $100,000 in annual sales is 35 TIMES HIGHER than those with over $5 million in sales!
These types of fidelity bonds protect the employer against losses caused by employee theft:
Standard Commercial Fidelity - Coverages up to $500,000 and can supplement the policy with depositors forgery coverage.
Special Fidelity Bond for Small Businesses - coverage is now available for almost any kind of small business that previously found insurance difficult to obtain.
ERISA Bond - Protection for Pension and Welfare Plans and helps protect Plan Assets from FRAUD!
Business Services - This bond provides protection against financial liability for the loss of a customer's money, securities, and personal property caused by dishonest
acts of the employees of the insured while on the customer's premises upon conviction.
Public Official - Many officials elected or appointed are required by law to furnish an official bond before taking office
Contact Byrne - Kim for application needed (949) 249-2540
The Facts of Employee Dishonesty
Fact: The U.S. Commerce Department estimates the annual cost of employee theft at $40 BILLION, ten times that of street crime!
Fact: Most companies don't know they have an internal theft problem, and make the discovery by accident TOO LATE!
Fact: The American Management Association estimates that employee theft causes 20% OF ALL BUSINESS FAILURES!
Fact: A national survey reported ONE-THIRD of all retail, health care, and manufacturing employees admitted stealing from employers in the last year.
Fact: Losses due to employee theft for business under $100,000 in annual sales is 35 TIMES HIGHER than those with over $5 million in sales!
These types of fidelity bonds protect the employer against losses caused by employee theft:
Standard Commercial Fidelity - Coverages up to $500,000 and can supplement the policy with depositors forgery coverage.
Special Fidelity Bond for Small Businesses - coverage is now available for almost any kind of small business that previously found insurance difficult to obtain.
ERISA Bond - Protection for Pension and Welfare Plans and helps protect Plan Assets from FRAUD!
Business Services - This bond provides protection against financial liability for the loss of a customer's money, securities, and personal property caused by dishonest
acts of the employees of the insured while on the customer's premises upon conviction.
Public Official - Many officials elected or appointed are required by law to furnish an official bond before taking office
Contact Byrne - Kim for application needed (949) 249-2540
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