In-Home Care

[Mother Bond]

Does that cover me, as an owner? Or just employees?

[Bond Magician]

Does that cover me, as an owner? Or just employees?

The total number of employees will be covered, and you can be covered as owner if you wish. There is an option for that on the application.

[Mother Bond]

This type of bond protects you and your customers from loss incurred by dishonest acts of your employees. It also covers you against acts by all company employees, both part-time and full-time.

Damages and bodily injury would be covered under liability insurance. Your best bet would be to contact your local insurance agency for that type of coverage.

Dishonest acts... such as theft? Are there any other incidents that would be considered "dishonest acts"?

[Bond Magician]

Dishonest acts... such as theft? Are there any other incidents that would be considered "dishonest acts"?

Yes - theft, embezzlement, theft of valuables (such as jewelery, cash, merchandise, etc.)

You never know when employee theft can affect your business. Small companies can be especially hit hard by theft/embezzlement because they can't afford extensive safeguards and aren't large enough to absorb the losses. That's why it is smart to have a fidelity bond in place.

[Mother Bond]

So, if whether an employee stole from one of our customers or from my company, either would be covered by the fidelity bond?

[Surety Queen]

So, if whether an employee stole from one of our customers or from my company, either would be covered by the fidelity bond?

Yes - but remember, most of these bonds contain a conviction clause. This clause states that an employee would have to not only be charged with the theft, but actually convicted in a court of law before the Surety would pay a claim.

As your duties and responsibilities change, you also need to make sure that your state doesn't require any special licensing or license bonding for you to perform the new duties. Just something to keep in mind.