We are often asked questions as to why a surety needs personal information when qualifying a company for a bond. This all has to do with the principle of indemnity. The surety bond product itself would cease to exist without this principle. In this post,
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Fiduciary Liability, Fidelity, Crime, Theft, Employee Dishonesty, 3rd Party Crime, ERISA Bonds – Oh My!! Anotheret of coverages in oureries of articles describing The Optional Coverages – are they really optional? What do all of these terms
Your ERISA Bond is NOT: Fiduciary Liability Insurance, Employment Practices Liability Insurance, Errors and Omissions Insurance, Directors and Officers Liability Insurance, Identity Theft Insurance. This post explains the difference.
In uncertain times such as these, your relationship with your bond company is especially important. As part of their underwriting process, they have teams of analysts monitoring the legal, economic and political climate across the country.
Underwriters are beginning to ask what I’ve come to term, “The COVID-19 Questions”. They are great questions. The problem is that most of us do not have the answers.