Number of Employees

[Bond Magician]

I currently have a bond with you. Right now there are 3 employees, but I need to add three more. What steps do I take? Will the premium change?

[Surety Queen]

Originally Posted by Bond Magician

I currently have a bond with you. Right now there are 3 employees, but I need to add three more. What steps do I take? Will the premium change?

I believe the break for adding employees is 5 so there would probably be a small increase in premium. Best to send something in writing to your bond representative who will be happy to make the change for you.

[Mother Bond]

Is there a limit to the number of employees that can be covered by a fidelity bond?

[Bond Magician]

Originally Posted by Mother Bond

Is there a limit to the number of employees that can be covered by a fidelity bond?

The Surety company can easily quote up to 25 employees An application can still be submitted for more than 25 employees, but the agent who handles Fidelity bonds will have to contact the Surety company.