You may be wondering, “What exactly is an Employee Dishonesty Bond?” An Employee Dishonesty Bond, also known as a “fidelity bond,” is a type of business insurance that protects employers from losing anything financial when there is misconduct with one of their employees. Keep reading to learn more about Employee Dishonesty Bonds and how it can protect your business.
How Can Employee Dishonesty Bonds Protect Your Business?
These fidelity bonds are an important form of coverage that every business should have. For example, if one of your employees steals from a client of the company, the Employee Dishonesty Bond will provide coverage for the amount stolen. This not only protects your business from having to compensate for the money from out of pocket, it also allows your clients to feel safe and protected if something like the example above does happen. Although it is important to trust your employees, it is always vital to be safe and get the needed coverage to protect your business. Most Employee Dishonesty Bonds cover instances such as stolen inventory or office equipment, theft of cash or other finances, fraud and embezzlement, and plenty of other cases.
Getting Your Needed Business Coverage
Now that you have learned the importance of having an Employee Dishonesty Bond, it is time to visit the Central Insurance Agency (CIA) to come up with a comprehensive coverage plan that is perfect for what your business needs. CIA has vast experience working with companies in the Home and Healthcare industry and can find the most important forms of coverage for you. Located at 93 East Main St. in Smithtown, New York, CIA is the perfect insurance agency in Smithtown to get the help and security your business needs. Learn more by visiting the CIA’s website and request a quote today!