• Fidelity Bonds

     

    The world today is a place of uncertainties, and it is common practice to insure against almost any type of loss or damage.  A fidelity bond provides insurance against losses incurred on account of harmful acts by certain individuals. This type of bond most often takes the form of business insurance that insures employers against losses caused by employees.

    A Fidelity Bond can be taken out for any employee from whom the employer withholds income taxes, but this is usually done only for employees who are considered high-risk.  High-risk employees are usually those higher up the corporate ladder that have access to important information such as trade secrets.  

    Fidelity Bonds value the property at risk and then issue a bond to cover that value.  The insurance provided by the bond has no deductibles and becomes effective on the day the high-risk employee begins employment.  The bonds usually last six months but employers are able to purchase additional coverage. 

    The Wilstead Agency has 30 years of experience providing fiduciary bonds and can assist you in protecting your business against disheartening loss.  You will feel reassured after working with an experienced and dedicated representative who will not only help you understand the process, but will make sure you get the right coverage.