Every year, dishonest employees steal millions of dollars worth of property from their employers. To help protect your property, you may want to add Employee Dishonesty coverage to your commercial policy or purchase a separate Fidelity Bond.
Employee Dishonesty coverage pays for losses caused by criminal acts of your employees, such as embezzlement and theft.
At The Co-operators, our business insurance policies can provide coverage for employee dishonesty and can include the following:
Commercial Blanket Bond: This bond covers loss due to any fraudulent or dishonest act committed by an employee (acting alone or with others) up to the limit stated on the policy. The limit applies to any one loss regardless of the number of employees involved.
Blanket Position Bond: This bond covers loss due to any fraudulent or dishonest act committed by an employee holding a stated insured position (acting alone or with others) up to the limit stated on the policy. The limit stated on the policy is a limit per employee. The name of the employee is not required.
For more information on Employee Dishonesty coverage, talk to your agent.
|