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Thread: Premium

  1. Join Date
    Oct 2007
    Posts
    171

    Premium

    How is the premium determined for a Fidelity Bond?

  2. Join Date
    Oct 2007
    Posts
    558

    Fidelity Bonds

    Quote 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.

  3. Join Date
    Oct 2007
    Posts
    171

    Premium

    How do I figure out how much coverage I need?

  4. Join Date
    Oct 2007
    Posts
    558

    Fidelity Bonds

    Quote 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

  5. Join Date
    Oct 2007
    Posts
    401

    Premium

    Quote 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.

  6. Join Date
    Oct 2007
    Posts
    171

    Premium

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

  7. Join Date
    Oct 2007
    Posts
    401

    Premium

    Quote 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.

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