What is an Employee Theft Bond?
This insurance protects the employer from financial loss due to the fraudulent activities of an employee or group of employees. The loss can be the result of the employee’s theft of money, securities or other property of the employer.
Why do I need this insurance?
If you are a business owner with employees who handle yours or your customer’s merchandise and or monies. For example business that would need this are janitorial services, appliance repair men or anyone that is around customers’ possession or around money. This bond will help you avoid the losses suffered from a dishonest employee’s theft of products, services or monies in the event that it should take place. In order for this coverage to be approved, an arrest and conviction of the party that has been accused has to be completed.