Generic pricing
Pricing depends on bond amount, your credit, business details, and the state. The exact quote comes from the application.
Platinum Bonds Insurance Agency
Research before you apply.ERISA Fidelity Bond
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…
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.
Typical timeframe
Many license bonds are approved the same day. Court, probate, and larger contract bonds can take a few business days when underwriting needs more information.
Details
Bond details.
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Next step
Ready to move forward?
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.