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Thread: Courier Service

  1. Mother Bond
    Mother Bond is offline Senior Member
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    Oct 2007
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    Courier Service

    Why wouldn't a surety company be interested in approving a Fidelity Bond for a courier service who would be handling negotiable items?
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  2. Bond Magician
    Bond Magician is offline Senior Member
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    Courier Service

    Quote Originally Posted by Mother Bond
    Why wouldn't a surety company be interested in approving a Fidelity Bond for a courier service who would be handling negotiable items?

    Most companies will not agree to bond a company transporting negotiable instruments (cash, checks, etc) simply because they are tempting, easy to steal, and can be cashed by anybody that has access to them. The chances of a theft or loss are significantly higher and the chances of a surety company having to pay a claim are much greater whenever cash or negotiable instruments are being handled.
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