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Is there a bond available for someone who wants to run a business that sells goods that belong to somebody else? I guess is it kind of like a consignment business. Business X stores goods, takes orders, and ships goods on behalf of Business Y which actually owns the products. Business Y wants some sort of protection in the event the Business X steals them. Can a fidelity bond work under these circumstances? |
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Hank, It sounds like a third-party fidelity bond. A class of business not often written anymore. You might be better off asking your regular property and casualty agent for a solution. If you happen to be selling online, Liberty Mutual has something called the BuySafe program you may want to look into.
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