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Platinum Bonds Insurance Agency

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ERISA Fidelity Bond

Federal law requires anyone handling employee benefit plan money to be bonded as protection against fraud, theft, or dishonesty. The bond amount must be at least 10% of the plan funds handled (minimum $1,000, maximum typically $500,000 per person per plan, or $1 million for plans holding employer securities). This pro…

Bond amount$1,000
State or jurisdictionOhio
ObligeeU.S. Department of Labor / Plan Participants

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.

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

What it is.

Federal law requires anyone handling employee benefit plan money to be bonded as protection against fraud, theft, or dishonesty. The bond amount must be at least 10% of the plan funds handled (minimum $1,000, maximum typically $500,000 per person per plan, or $1 million for plans holding employer securities). This pro…

Who usually needs it

Every fiduciary and every person handling funds or other property of an employee benefit plan subject to ERISA. "Handling" includes physical access to cash/checks, authority to transfer or disburse funds, sign checks, or negotiate plan property. This applies to plan administrators, trustees, officers, employees, and anyone with discretionary authority over …

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.

Google icon5.0★★★★★Google reviews

“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.”

★★★★★
BBB A+ Accredited Business seal for Platinum Bonds Insurance Agency

BBB A+ Accredited

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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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