Crime (Employee Theft)
Policy info:
The Bond Center provides coverage limits of $500,000 ($1,000,000 for ERISA) and less for Commercial Risks, Non-Profit Organizations and Governmental Business on a primary or excess basis.
Our CrimeSHIELD® policy covers Employee Theft
- Depositors Forgery or Alteration
- Theft, Disappearance and Destruction of Money, Securities and Other Property (Inside and Outside)
- Computer and Funds Transfer Fraud
- Money Orders and Counterfeit Currency ($50,000 limit with $0 deductible with no additional premium charge)
CrimeSHIELD® policy differs from many other carriers in these ways:
- Employee Theft vs. Employee Dishonesty
- Discovery vs. Loss Sustained Basis (click here to see the difference)
- Extensive Definition of Employee
- Inclusion of ERISA provisions
- Third party on-premise language automatically included
- Wire Transfer Fraud automatically included
- Modification to inventory exclusion
Click Here for CrimeShield application
Appetite: The Bond Center has a broad appetite and more streamlined underwriting process for the following Fidelity class codes: 579 - Retail Stores NOC (Not Otherwise Classified)
645 - Computer/Data Processing Services
677 - Private Clinics/Hospitals
669 - Amusement Enterprises NOC
683 - Fraternal Orders/Social Clubs (local)
651 - Motion Picture/TV Film Production
525 - Furniture/Home Furnishings
444 - Office Equipment
446 - Household Items/Lighting Fixtures
481 - Miscellaneous Chemical Products
872 - ERISA (non-union)
881 - Condominium Associations
Click Here for a full list of desired Fidelity class codes and descriptions
[PRINTER FRIENDLY VERSION]
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