Premium

[Mother Bond]

How is the premium determined for a Fidelity Bond?

[Surety Queen]

Originally Posted by Mother Bond

How is the premium determined for a Fidelity Bond?

It's dependent upon how many employees you have and how much coverage you want. Generally speaking, the premiums are very reasonable.

[Mother Bond]

How do I figure out how much coverage I need?

[Surety Queen]

Originally Posted by Mother Bond

How do I figure out how much coverage I need?

It's up to you to determine how much coverage you need. Unless, of course, someone is asking you to have a certain amount of coverage. Remember that the maximum amount for this bond is $100,000

[Bond Magician]

Originally Posted by Surety Queen

It's up to you to determine how much coverage you need. Unless, of course, someone is asking you to have a certain amount of coverage. Remember that the maximum amount for this bond is $100,000

Unlike other types of Surety bonds, fidelity bonds are the only type in which a certain amount is not required by an obligee. You will have to determine which amount you feel most comfortable with. If further down the road you decide you would like more coverage, we can certainly increase the bond amount for some additional premium.

[Mother Bond]

For the # of employees, do I include myself (the owner)?

[Bond Magician]

Originally Posted by Mother Bond

For the # of employees, do I include myself (the owner)?

Yes, you can include yourself. There is also a section on the application where it asks if you (the owner) would like to be covered.