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Platinum Bonds Insurance Agency

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Blanket Fidelity Bond

Any person or entity licensed as a check casher in Massachusetts who cashes checks, drafts, or money orders for a consideration in excess of $1.00 per item. Required when: Obtaining or maintaining a check casher license under M.G.L. c. 169A. Exemptions: Banks (as defined in M.G.L. c. 167, § 1), national banking associ…

Bond amount"The licensee must maintain 'adequate' blanket fidelity bond coverage for any o…
State or jurisdictionMassachusetts
ObligeeMassachusetts Division of Banks

Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.

Amounts can vary

Selected requirement: "The licensee must maintain 'adequate' blanket fidelity bond coverage for any o…. Other available requirements: "The licensee must maintain 'adequate' blanket fidelity bond coverage for any of its officers and employees having access to cash for the purpose of cashing a check, draft, or money order.". Exact options still depend on the obligee, state, and underwriting.

Google icon5.0 ★★★★★Google review profileBBB iconBBB A+ AccreditedView the agency profile
2323 yearsHelping clients and agents
Overview

What it is.

Any person or entity licensed as a check casher in Massachusetts who cashes checks, drafts, or money orders for a consideration in excess of $1.00 per item. Required when: Obtaining or maintaining a check casher license under M.G.L. c. 169A. Exemptions: Banks (as defined in M.G.L. c. 167, § 1), national banking associ…

Who usually needs it

Any person or entity licensed as a check casher in Massachusetts who cashes checks, drafts, or money orders for a consideration in excess of $1.00 per item.

Pricing & timing

What to expect.

Generic pricing

Fidelity bonds protect against employee dishonesty and theft. Typical Pricing:. • Standard coverage: Premiums commonly based on coverage amount and number of employees. • ERISA bonds: Matrix pricing based on plan assets — often starting around $100–$300 per year for smaller plans. • Employee dishonesty bonds: Rates vary by coverage level and employee count. ERISA fidelity bonds are required for employee benefit plan fiduciaries. Coverage must equal at least 10% of plan assets handled, up to $500,000 (or $1,000,000 for plans holding employer securities). Specialized application required.

Your quote determines the actual premium.

Typical timeframe

Specialized application — typically 1–3 business days

Timing can change when underwriting needs more information.
Application details

How it works.

  1. Start the application

    Confirm the bond and provide applicant and business details.

  2. Review the quote

    See the terms and premium before deciding to continue.

  3. Pay and sign

    Complete the required payment and signatures.

  4. Receive the bond

    Get the issued bond and filing or delivery instructions.

Platinum Bonds

Experience behind every bond.

Helpful guidance, a real agency team, and a clear path from research to application.

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“Finally a company that understands what customer service is supposed to be.”

★★★★★

“My bond application was processed and received very quickly.”

★★★★★

“I highly recommend you do business with these folks.”

★★★★★
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23 years

Offering service to clients and agents alike.

Next step

Ready to move forward?

Start the secure application with this bond already selected, or ask Ava a question before you begin.

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