Surety and Fidelity Bonds
Fidelity bonds are, like surety bonds, contracts between three parties (in this instance: the insurer, the employee and the employer) and they provide protection against employee dishonesty; we describe that coverage above.
A surety bond is a promise by the insurer (or indemnitor) to pay an indemnitee should the principal (or insured) default on the obligation. Some of the bonds we provide are:
- Contract payment and performance bonds
- License and permit bonds
- ERISA bonds
- Fidelity or dishonesty bonds on employees
- Court bonds, including fiduciary and judicial bonds
- Public official bonds, including notary, clerks and judges
- Tax bonds