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Protecting Your Business From Fraud With Bonds

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Protecting Your Business From Fraud With Bonds

Insurance protects your business from disaster and alarm systems keep the burglars away. So how does a business protect itself against the negligence of its employees?

Employees can steal merchandise or cash, commit fraud and other nefarious crimes against your company.

That’s where employee dishonesty bonds come in.

A type of fidelity bond, employee dishonesty bonds protect your business from dishonest acts by your employees, including fraud, embezzlement, check forgery, theft and more.

If an employee commits theft or fraud, you can make a claim against the bond. When the surety company determines its validity, you are financially compensated for the amount that the employee stole from your company.

An important note: these bonds do not cover against employees stealing from your customers. That requires a separate bond – the business service bond.

While employee dishonesty bonds are not required by law, any business can get them to protect their company.

If one or more of your employees is entrusted to handle cash or other valuable assets, you should consider an employee dishonesty bond.

At Glenn Insurance, bonds are our specialty! With more than a century of experience caring about South Jersey businesses and families, our experts can take care of all your bonding service needs.

To learn more about our bonding services, call our bond specialists.

For more information about Glenn Insurance bonds, click here.

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