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Fidelity Bonds

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According to the U.S. Department of Commerce, employee theft costs American businesses more than $50 billion annually. Fidelity bonds, also known as crime bonds or crime coverage, help protect your business from losses due to employee dishonesty. You can obtain a stand-alone fidelity bond or purchase fidelity (crime) coverage as part of your commercial package policy. Your insurance agent can help you decide which coverage is right for your business.

Click on the links below to learn more about the fidelity bonds Selective offers

Commercial Crime Policy
Public Official Dishonesty Bonds
Pension and Profit Sharing Plan Bonds
Clients Property (Third Party Fidelity) Bonds


Commercial Crime Policy

Commercial Crime Policy (Monoline) offers stand-alone protection against employee dishonesty. This includes employee theft, forgery, alteration, computer fraud and loss of money and securities inside and outside of your business premises. You can cover individual employees or all your employees. Coverage for robbery, burglary, computer fraud and extortion may also be provided when the Crime coverage is purchased as part of your package policy.

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Public Official Dishonesty Bonds

Public Official Dishonesty bonds guarantee that a public employee, public official or court-appointed fiduciary will perform their duties honestly. This bond includes employee dishonesty coverage, loss of money and securities inside and outside your business premises. Typical customers for public official bonds are cities, towns, villages, boroughs, and school districts.

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Pension and Profit Sharing Plan Bonds

Pension & Profit Sharing Plan Bonds are required by the Employee Retirement Income Security Act (ERISA) to protect the assets of these plans from employee dishonesty. You can obtain coverage on specific individuals or on a “blanket basis” for all individuals involved in administering a plan.

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Clients Property (Third Party Fidelity) Bonds

Client's Property (Third Party Fidelity) provides coverage to your clients if one or more of your employees fraudulently takes money or other property from a client's premises. Special coverage is available to additional owners.

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