Fidelity bonds

 A 401K Trustee surety bond is a fidelity surety bond required by the Employee Retirement Income Security Act (ERISA) covering those responsible for managing an employee benefit plan and handling funds or other property of such a plan.  An ERISA surety bond is intended to protect the plans from dishonesty and fraud committed by these individuals.  

The 401K Trustee surety bond amount for each plan is equal to no less than 10 percent of the amount of plan funds handled, subject to a $500,000 maximum bond amount.  However, higher limits may be purchased.

An Employee Dishonesty Bond is a type of fidelity bond that protects the insured company from a loss caused by the dishonesty or fraudulent acts of its covered employees. This surety bond can be written on a blanket, individual or scheduled basis. 

Your company can select from several line item coverages to be included in the policy such as Employee Dishonesty, Employee Forgery or Alteration, Public Dishonesty, Computer Fraud, Funds Transfer Fraud and others. Employee Dishonesty bonds are also called a Commercial Crime Policy.

 A Janitorial surety bond is a fidelity surety bond that helps protect employers from employee theft of clientele property in delivery of janitorial services.  These bonds are also called cleaning service surety bonds or more generically business services bonds.

Public Official surety bond is a broad category of surety bonding including all surety bonds related to public officials.  These bonds help guarantee the public that the official will honestly and faithfully perform their duties of their elected or appointed office.