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Old 01-24-2007, 05:25 PM
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Posts: 86
Default How do I determine the amount?

Hello,
I am confused as to how I determine the amount of the fidelity bond that I need. Since it is not a set amount and not required by the state, how do I know which amount is good for me?
Thanks
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Old 01-25-2007, 09:59 AM
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Just like other forms of insurance, it can be difficult to decide how much you need. I would start by determining how much a loss can be had in your type of business. When in doubt, I would over-insure, as the policies are relatively cheap and you do not want to still have a large loss even after obtaining the bond.
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