Bonding – ERISA, Fidelity, Surety
You do everything you can to bring the right people into your organization and you put measures in place to ensure those you hire will act entirely in the best interest of the organization. Still, you are left with a strong potential for employee crime. And what can be done? In most cases, employee restitution is impossible and general or professional liability coverage won’t apply to the damages of employee-related crime. So where do you turn?
Many business owners choose to protect themselves from the loss of money, securities, or inventory resulting from employee crime with bonding. Bonding can indemnify an employer for the loss of money or other property sustained through the damaging acts of a "bonded" employee. Coverage can include claims for employee dishonesty, embezzlement, forgery, robbery, computer and wire transfer fraud, as well as counterfeiting.
At Lyceum, our crime and fidelity experts will assess your risks and recommend bonding appropriate for your needs. In addition to our crime and fidelity offerings we offer bonds for ERISA, Surety, License & Permits, Payment, Bid and Performance.
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The content on this website is descriptive only. Actual coverage is subject to the language of the policies as issued.
