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Platinum Bonds Insurance Agency

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ERISA Fidelity Bond

The ERISA Fidelity Bond protects employee benefit plans from losses caused by fraud, theft, embezzlement, or dishonest acts by those who handle plan funds. Coverage must be at least 10% of the funds handled with a minimum of $1,000 and typical maximum of $500,000 per plan official ($1 million for plans holding employe…

Bond amount$1,000
State or jurisdictionIndiana
ObligeeU.S. Department of Labor

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.

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2323 yearsHelping clients and agents
Overview

What it is.

The ERISA Fidelity Bond protects employee benefit plans from losses caused by fraud, theft, embezzlement, or dishonest acts by those who handle plan funds. Coverage must be at least 10% of the funds handled with a minimum of $1,000 and typical maximum of $500,000 per plan official ($1 million for plans holding employe…

Who usually needs it

Every fiduciary of an employee benefit plan and every person who handles funds or other property of such a plan must be bonded, including plan trustees, administrators, and anyone with authority to transfer, disburse funds, sign checks, or negotiate plan property.

Pricing & timing

What to expect.

Generic pricing

Pricing depends on bond amount, your credit, business details, and the state. The exact quote comes from the application.

Your quote determines the actual premium.

Typical timeframe

Many license bonds can be ready the same day. Court, probate, and larger contract bonds can take a few business days when underwriting needs more information.

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

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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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