Courier Service

[Mother Bond]

I have a courier service that delivers court documents and some of my clients want to know if I'm bonded. Would this be a type of fidelity bond?

[Bond Magician]

Originally Posted by Mother Bond

I have a courier service that delivers court documents and some of my clients want to know if I'm bonded. Would this be a type of fidelity bond?

Yes, it would fall under a Fidelity bond. The Surety company may ask you to be a little more specific when you do apply, as they would like to know exactly what type of documents you will be delivering.

[Mother Bond]

Are there certain types of documents the surety isn't willing to cover? We don't deliver any monetary items or anything like that.

[Bond Magician]

Originally Posted by Mother Bond

Are there certain types of documents the surety isn't willing to cover? We don't deliver any monetary items or anything like that.

In most cases, the Surety company is very unwilling to approve any type of bond in which an application will be handling cash. This is because handling cash is considered as being "tempting" to the client. The chances of theft or loss are significantly higher and the chances of a Surety company having to pay a claim are much greater whenever cash is being handled.

[Mother Bond]

Originally Posted by Bond Magician

In most cases, the Surety company is very unwilling to approve any type of bond in which an application will be handling cash. This is because handling cash is considered as being "tempting" to the client. The chances of theft or loss are significantly higher and the chances of a Surety company having to pay a claim are much greater whenever cash is being handled.

So other than cash... are there any other items that could be considered risky?

[Surety Queen]

Originally Posted by Mother Bond

So other than cash... are there any other items that could be considered risky?

Not really, no.