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Thread: Vending Company

  1. chefman
    chefman is offline Member
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    May 2007
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    59

    Vending Company

    I am in need of a bond. I have a vending service and I have employees filling up vending machines and emptying/depositing cash on a daily basis. I have several accounts where this is done. I want to make sure my contracts are comfortable with my services as I give them a 20% commission on all business.
    Would a fidelity bond cover theft of goods/cash?
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  2. Admin
    Admin is offline Administrator
    Join Date
    Jan 2005
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    755

    Fidelity bonds do insure against employee theft. However, the markets we work with would not be interested in issuing a fidelity policy for your company. Our markets typically insure against theft from a bookkeeper or something of that nature, not stolen cash.
    Surety Bond Articles
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  3. chefman
    chefman is offline Member
    Join Date
    May 2007
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    What do you suggest?

    Is there and type of bond that would cover theft of cash? I am not sure how to give my customers some peace of mind.
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