An Employee Dishonesty Bond protects a business (the Insured) against financial losses caused by the fraudulent or dishonest acts of its employees. This includes theft of money, merchandise, or property. It is a blanket position bond covering all employees, both full-time and part-time. There are two classifications: …
Overview
What it is.
An Employee Dishonesty Bond protects a business (the Insured) against financial losses caused by the fraudulent or dishonest acts of its employees. This includes theft of money, merchandise, or property. It is a blanket position bond covering all employees, both full-time and part-time. There are two classifications: …
Who usually needs it
Any type of business including professional offices (accountants, architects, physicians, dentists, insurance agents, attorneys), retail stores, gas stations, cafes, courier services, businesses with salespeople, and organizations like PTAs and nonprofits
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…
Typical timeframe
Specialized application — typically 1–3 business days
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
Bond amountCoverage amounts range from $5,000 to $200,000 per employee. Premium varies by …Term length1 year (3-year prepaid option available at 2.85x annual premium)ObligeeThe Insured (business owner)RenewalAnnual renewal. Premium recalculated based on current employee count. No losses in last five years required for standard rates.Bond classFidelity BondCategoryProfessional ServicesBondEmployee Dishonesty BondObligee typeBusiness Owner / InsuredStatutory referenceForm 1432-7-2023JurisdictionState
