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Originally Posted by Bond Magician What is the difference between Classification A and Classification Type B on your Employee Dishonesty Bond application? I really would like to be classified under Type A. |
Class A = Professional and bu siness offices such as accountants, architects, physicians, dentists, insurance agents and attorneys. Note that officers are no covered under this bond, unless you are a corporation, and the officers are in the regular service of the company and compensated by salary, wages, etc.)
Class B = Businesses with more exposure such as cafes, gas stations, retail stores, businesses with salespeople, non-profit social organizations and courier services.
Where do you fall?