Unfortunately, not everyone wants to do what is best for you and your business. That is why it is essential to do what you can to protect your company from losses resulting from dishonest or fraudulent acts. NotaryBonding can assist you with that, thanks to our dishonesty bonds. These bonds serve as a type of insurance strategy to protect your business from the bad actors looking to harm it. Employee dishonesty bonds protect your business resources, including monies, securities, and other property.
The 2 Types of Employee Dishonesty Bonds
Fraud or damage caused by people who were considered trustworthy can cause significant issues for your business. For this reason, it is prudent to prepare for the worst so that your organization is equipped to respond to these matters appropriately. Dishonesty bonds are a tool that can protect your enterprise. There are two types available, including:
1. First-Party Fidelity Bonds – Also known as employee dishonesty bonds, these bonds are designed to protect your business from wrongful acts that your direct employees willfully commit.
2. Third-Party Fidelity Bonds – Third-party fidelity bonds safeguard your business from the same acts as first-party fidelity bonds, except they cover when the acts are committed by third-party contractors, such as independent consultants or subcontractors. In business partnerships, the contractor should always carry a third-party fidelity bond.
Finding Effective Solutions
To make things as easy as possible for you to protect yourself and your company, we are happy to offer different packages to ensure you have the dishonesty and fidelity coverage you need. We deliver low-cost solutions with quick turnaround times for your bond approvals.
- Email us today at clientservices@notarybonding.com to give your business the protection it needs to overcome setbacks.
- Please complete the Dishonesty Bond application (PDF) in your email to us. Thank you.
| Number Of Ratable Employees: | Limit $1,000: | Limit $2,500: | Limit $5,000: | Limit $7,500: | Limit $10,000: | Limit $25,000: |
| 1 - 5 | $ 100 | $ 100 | $ 100 | $ 100 | $ 111 | $ 165 |
| 6 | $ 100 | $ 100 | $ 100 | $ 100 | $ 121 | $ 179 |
| 7 | $ 100 | $ 100 | $ 100 | $ 114 | $ 131 | $ 193 |
| 8 | $ 100 | $ 100 | $ 100 | $ 122 | $ 140 | $ 206 |
| 9 | $ 100 | $ 100 | $ 111 | $ 131 | $ 150 | $ 220 |
| 10 | $ 100 | $ 100 | $ 118 | $ 139 | $ 160 | $ 234 |
| 11 | $ 100 | $ 100 | $ 125 | $ 147 | $ 169 | $ 248 |
| 12 | $ 100 | $ 100 | $ 132 | $ 155 | $ 179 | $ 261 |
| 13 | $ 100 | $ 114 | $ 139 | $ 164 | $ 188 | $ 275 |
| 14 | $ 100 | $ 120 | $ 146 | $ 172 | $ 198 | $ 289 |
| 15 | $ 100 | $ 125 | $ 153 | $ 180 | $ 208 | $ 303 |
| 16 | $ 100 | $ 131 | $ 160 | $ 188 | $ 217 | $ 316 |
| 17 | $ 100 | $ 136 | $ 166 | $ 197 | $ 227 | $ 330 |
| 18 | $ 100 | $ 142 | $ 173 | $ 205 | $ 237 | $ 344 |
| 19 | $ 100 | $ 147 | $ 180 | $ 213 | $ 246 | $ 358 |
| 20 | $ 100 | $ 153 | $ 187 | $ 221 | $ 256 | $ 371 |
| 21 | $ 111 | $ 158 | $ 194 | $ 230 | $ 265 | $ 385 |
| 22 | $ 114 | $ 164 | $ 201 | $ 238 | $ 275 | $ 399 |
| 23 | $ 118 | $ 169 | $ 208 | $ 246 | $ 285 | $ 413 |
| 24 | $ 121 | $ 175 | $ 215 | $ 254 | $ 294 | $ 426 |
| 25 | $ 124 | $ 180 | $ 221 | $ 263 | $ 304 | $ 440 |
No class rate modifications or location charges apply when figuring the rate for these specialty products. For example, a principal with 10 employees purchasing a $10,000 dishonesty bond would be charged $160.00; another principal with 6 employees purchasing a $25,000 dishonesty bond will be charged $179.00. The three-year prepaid premium discount is 2.85 times the annual premium. *The State of New Jersey has a different rate schedule than listed above.
