How are premiums calculated?

[Bond Magician]

What factors come into play when determining premium for fidelity bonds? Does the owner's personal credit come into play?

[Surety Queen]

Originally Posted by Bond Magician

What factors come into play when determining premium for fidelity bonds? Does the owner's personal credit come into play?

Premiums are calculated based upon the following:

1. Size of bond
2. Number of employees to be covered
3. Length of the bond (1 yr, 2 yrs, 3 yrs)

Personal credit is not a factor in the calculation of premium.