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Dishonesty Bond Application

Dishonesty Bonds are bought by employers to protect against losses by theft or embezzlement by employees. A loss that many smaller businesses cannot recover from.

This is a blanket bond (applying to all employees) or for each employee on an individual basis such as for a non-profit organization. Some businesses such as, brokerages, cash carriers, messenger services, courrier services,  in home care providers or other in home services also obtain these bonds for the security of their clients.

The owner of the business purchasing the bond may be included in the coverage. This bond is therefore ideal for pet sitting, home sitting, dog walking or almost any in home service.

All rates are listed on the application and most up to $100,000 are pre-approved.  With exceptional rarity, a Dishonesty Bond application can be rejected by our underwriters.  If this should happen, you will be credited for your bond payment within one business day.

You should be able to trust your employees. But the fact is, according to a national survey, one third of all employees admitted stealing from employers during the previous year. This problem is so widespread, the U.S. Chamber of Commerce estimates the annual cost of employee theft at $40 billion.

For example:

• The bookkeeper of a gas station embezzled thousands of dollars over

several months. The station owner was unaware of the embezzlement until

returning from vacation and finding the bookkeeper gone. The bookkeeper was

arrested and convicted. The Dishonesty Bond paid $8,209.88.

Today's median embezzlement loss according to our local police is: $100,000