- Image
Free bond quotes online - Image
Easy online process
- Image
Excellent bonding rates - Image
Available across the U.S.
How Do I Get My Bond?
Start Your Application
Fill out the online application form
Receive your free quote
You will be sent your quote in minutes
Buy Your Surety Bond?
We offer secure payment options
Employee Dishonesty Bonds Explained?
Employee dishonesty bonds are a type of fidelity bonds which serve as protection for your business. Similarly to insurance policies, they provide your company with a safety mechanism in case your employees engage in illegal actions such as theft, burglary, forgery, and embezzlement on the job. Often they are also referred to as commercial crime bonds.
Many types of businesses use dishonesty bonds to protect their assets against employees' fraudulent actions. Some of them include accountants, medical service providers, various types of professional services, non-profit organizations, financial institutions, and many more.
If you suffer damages due to the dishonest acts of your employees, you can file a claim with the surety. In some cases, it may need a conviction of the perpetrator before paying out a reimbursement on the claim. In general, the surety needs to examine the case. If it is proven, you will receive adequate compensation.
Questions about Fidelity Bonds
When do I need an employee dishonesty bond?
Employee dishonesty bonds are not obligatory or required by law. You can voluntarily obtain them in order to protect your business. The typical situations when you may wish to get such coverage is if you have employees with access to important documentation and assets that they may misuse. However, dishonesty bonds can be used by companies in a wide variety of situations to ensure compensation in case their employees commit fraud, theft, and similar illegal activities.
If you wish to get protection for your clients as well, in case an employee commits unlawful actions while on their premises, you would need a different kind of fidelity bond called a business services bond.
How much are the bonding costs?
For most types of fidelity bonds, the costs depend on a few main factors. They include the number of employees whom you want to cover, the type of business that you are running, and the dollar amount of the coverage that you seek. Typically, obtaining employee dishonesty bonds and other fidelity bonds is cheaper than getting other types of surety bonds.
Can I get an employee dishonesty bond with problematic finances?
Unlike surety bonds, fidelity bonds are usually not impacted by the credit score of the business owner. That is why, typically, obtaining a bond with unstable finances is not an issue.
What is the bonding process like?
The process for obtaining an employee dishonesty bond is the following:
- Download the application form
- Fill it out and send it to [email protected] or fax it to (267)-362-4817.
Start your surety bond application. 100% money-back guarantee!
Do you need further information about employee dishonesty bonds? Lance Surety Bonds' specialists can help. Just call us at (877) 514-5146.
About Us
Still Have Questions? Check Our FAQ Pages
What Our Clients Have To Say?
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!