Coverage:
- Employee theft
- Forgery or alteration
- Inside the premises—theft of money and securities
- Inside the premises—robbery or safe burglary of other property
- Outside the premises
- Computer fraud
- Money orders and counterfeit paper money
- Funds transfer fraud
- Extortion—commercial entities
- Guests’ proper
Bonds:
Contract Surety Bonds
- Bid bonds—guarantee that if a contractor’s bid is accepted, the contractor will enter into a contract and provide the required performance bond
- Performance bonds guarantee that jobs will be completed by the contractor according to contract specifications
- Payment bonds—guarantee that bills for labor and materials will be paid by the contractor as they are due
- Supply bonds—guarantee that a supplier will furnish supplies, products, or equipment at an agreed-upon price and time
Court Bonds
- Fiduciary bond—required for individuals who manage the affairs/assets for another person
- Judicial bond—issued to protect plaintiffs and/or defendants from possible losses pending civil court proceedings
Other Surety bonds:
- Public official—perform duties honestly and faithfully
- License and permit bonds—will comply with laws governing the license or permit
Fidelity Bonds
- Employee honesty
- Name schedule
- Position schedule
- Commercial blanket
- Blanket position