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A Surety Insurance Bond Exclusive:
Ideally, no one should ever have to worry about employee crime. Unfortunately, none of us live in an ideal planet. When it comes to commercial business, the idea is boldly underscored.
Studies in fact indicate that dishonesty among business workers is very common and overwhelmingly widespread. Only one-third of US employees do not admit to stealing and half of those ascribing to stealing from their bosses say they commit acts of thievery more often than any would realize. The eyebrow raising statistics are not cheap in any way you look at it, amounting to an estimated hefty fifty billion dollar cost to business nationwide - on a year to year basis.
There is, however, a way to counteract the criminal tide... at least in terms of company losses. Employee Dishonesty Bond Coverage protects the large and small business owner from the devastation resulting from being victimized by workers with monetary compensation up until the limits on the given bond policy that is purchased.
A related surety bond covers your company as well as your clients or customers from losses as a result of employee theft or embezzlement. Any employee - whether he or she works full or part-time is included in the coverage. In addition, coverage encompasses criminal activity perpetuated by officers and directors.
Questions and Answers about a Dishonest Employee Surety Bond
How high are related quotes on this type of insurance policy?
Not only is this form of insurance reasonably priced, it is also fairly easy to obtain.
What type of company writes this kind of indemnity?
A reliable independent agency that does direct business with many of the leading underwriters can get you a policy from a top company that has many, many years of experience with bonds.
Why is it necessary to go to the right type of agency in order to acquire tailored coverage?
An independent agency does not work for one sole company. That is why it can shop the network (so to speak) to procure a bond according to your individual needs at the most competitively lowest quote.
Is the claim process complicated and time-consuming?
That's another valid reason to deal with a reputable company! The companies that a trusted agency deals with employ knowledgeable claim specialists that make your claim experience as seamless and quick as feasible.
Any other reason for dealing with a top insurance company that is familiar with all aspects of this coverage and others like auto, home, life, and so on?
The nationally and globally recognized companies come with the financial strength you want to expect. Ultimately that gives you're the real power behind your coverage, as well as the peace of mind you deserve.
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