What you should know

	Dishonest acts of your employees while on the premises of your customers creates a liability for YOU, the employer.
	A standard fidelity bond DOES NOT protect your assets from this exposure to employee dishonesty.
	If you are an owner or officer of a company that has employees working at client locations, odds are, your personal assets are at risk!

About The Business Services Bond

This bond provides protection against financial liability for the loss of a customer's money, securities, and personal property caused by dishonest acts of the employees of the insured while on the customer's premises upon conviction. (Indictment, North Carolina only.)

Limits for this coverage range from a minimum of $2,500 to a maximum of $100,000.

Some of the more frequently requested bonds are for temporary employment agencies, home health care, janitorial and security guard services.

Here are examples of what could happen.

	One of your employee steels valuables from one of your clients property.
	One of your employee steels valuables from the company while working on a job site.

Not only does the bond protect you, it also offers your business a competitive advantage because you can reassure your customers that you are protected from dishonest employees.

Many firms utilize the Business Services Bond as a marketing tool. They see the bond as giving them an advantage many of their competitors do not have and make prominent mention of the bond in their advertisements and proposals.

What the Business Services Bond covers

Your customer's loss of...

	Money
	Securities
	Personal Property

Which is caused by dishonest acts of your employees while they are on your customer's premises upon conviction (*) (**).

A standard fidelity bond affords no protection for such exposures.

In order to protect you and your employees against unjustified allegations of dishonesty, the employee must be convicted of the alleged dishonesty before coverage would apply.

North Carolina only: The word "conviction/convicted" is replaced with "indictment/indicted."

Limits of Coverage

Limits ranging from a $2,500 minimum to a $100,000 maximum per occurrence are available.

Premiums

The cost of this protection is very reasonable.

Your premium is determined by

	The number of individuals employed at your firm.
	The limit of coverage desired.

Coverage may also be obtained on sole proprietors, partners, or officers of a corporation.

For your convenience, bonds may be written on a three year term at a discounted rate.

Example Rates based on minimum limit and no losses in past 6 years:
Twenty Employees, Officers, Owners $127.00 Annually.
Forty Employees, Officers, Owners $219.00 Annually.

Note:

This contains only a brief summary of coverage and bond provisions. All statements herein are subject to the provisions, exclusions and conditions of the bond form.