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Old 08-01-2008, 06:08 PM
Surety Queen Surety Queen is offline
Surety Professional
 
Join Date: Oct 2007
Posts: 558
Default Fidelity Bond

Quote:
Originally Posted by Mother Bond
So, if whether an employee stole from one of our customers or from my company, either would be covered by the fidelity bond?
Yes - but remember, most of these bonds contain a conviction clause. This clause states that an employee would have to not only be charged with the theft, but actually convicted in a court of law before the Surety would pay a claim.

As your duties and responsibilities change, you also need to make sure that your state doesn't require any special licensing or license bonding for you to perform the new duties. Just something to keep in mind.
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