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  1. Bond Magician
    Bond Magician is offline Senior Member
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    Oct 2007
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    401

    Cover company or individual (s)?

    Does an Employee Dishonesty Bond cover a company, or does it cover only individuals?
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  2. Surety Queen
    Surety Queen is offline Surety Professional
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    Oct 2007
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    558

    Fidelity Bonds

    Quote Originally Posted by Bond Magician
    Does an Employee Dishonesty Bond cover a company, or does it cover only individuals?
    The Employee Dishonesty Bond protects the Employer (Company) from theft by it's employees.
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  3. Bond Magician
    Bond Magician is offline Senior Member
    Join Date
    Oct 2007
    Posts
    401

    Cover Company or Individuals?

    Quote Originally Posted by Surety Queen
    The Employee Dishonesty Bond protects the Employer (Company) from theft by it's employees.
    As far as independent contractors go, they are NOT covered under this type of bond. An employee must receive compensation direclty from the insured by salary/wages to have coverage under this type of bond. So, if the independent contractors are not paid by the insured but by the individuals they work for, there is no coverage.
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