stealing

I Trust My Employees, I Don’t Need Crime Insurance.

Posted by BFBOND on February 13, 2014
Crime Coverage, Fidelity Bonds / Comments Off on I Trust My Employees, I Don’t Need Crime Insurance.

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Trust and morals are  a core element of any type of relationship—business or friendship . And no one hires, at least knowingly, a dishonest employee. Sometimes people change, however. Employees can become dishonest, albeit only a minority of them do. Employees can rationalize their theft in many ways: ‘the company won’t miss it,’ ‘they’re not paying me enough,’ or the person succumbs to a gambling or some other addiction.

Unfortunately businesses do go bankrupt because their employees’ steal large amounts of money, or smaller amounts over a period of years, or in some other way commit computer fraud or some other type of fraud. This has an impact not only on your business but also on your other employees and those who count on your services or products.

To learn more about the risks of commercial crime insurance and how to protect your business, visit us at www.BF Bond.com. We’ll work with you to:

  • Assess the risk potential for external or internal criminal actions
  • Determine the precise insurance coverage you need for your business
  • Click here to download the Crime/Dishonesty application.

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Typical Fidelity/Crime Insurance coverage highlights include:

Posted by BFBOND on February 13, 2014
Crime Coverage, Fidelity Bonds / Comments Off on Typical Fidelity/Crime Insurance coverage highlights include:

Typical Fidelity/Crime Insurance coverage highlights include:

Comprehensive coverage for:

  • Employee theft
  • Money and securities while on premises or in transit
  • Forgery
  • Funds transfer fraud
  • Computer fraud
  • Money order and counterfeit currency fraud
  • Credit card fraud
  • Optional client coverage
  • Coverage for investigative costs for covered losses
  • Responds to Employee Retirement Income Security Act of 1974 (ERISA) plan bonding requirement.
  • Broad definition of employee, including directors and officers; employees, including part-time, leased, temporary, and seasonal employees; and volunteers.
  • Worldwide coverage.

Complete the EZ application for a quick quote

 

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Why do I need Fidelity/Crime Insurance?

Posted by BFBOND on February 13, 2014
Crime Coverage, Fidelity Bonds, Uncategorized / Comments Off on Why do I need Fidelity/Crime Insurance?
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Why do I need Fidelity/Crime Insurance?

Fraud and embezzlement in the workplace is on the rise, occurring in even the finest work environments.

  • 82% of workplace crime is carried out by employees
  • 1 in 4 employees has either committed or witnessed workplace fraud and abuse
  • 1 in 4 employees committing fraud against their employer has been with the company for more than 10 years
  • Only 1 in 3 of those who have witnessed a workplace crime bother to report it

These crimes can go on for years and when discovered the impact can be huge. Smaller companies are especially vulnerable to Fidelity crimes because the trust factor is increased due to the closeness of the employees.

Most business insurance policies either exclude or provide only nominal amounts of coverage for loss of money and securities as well as employee dishonesty exposures.

Employee dishonesty causes as much as 20% of the nation’s business failures.

White collar crime can have serious financial consequences, even threatening a private company’s survival. Bernard Fleischer & Sons, Inc. offers a solution to handling crime losses such as dishonesty, forgery, robbery, safe burglary, computer fraud and other criminal acts committed by employees, leased employees, volunteers or someone required to be bonded under ERISA, through a Crime Insurance Policy. For more information about Fidelity/Crime Bonds call 1.800.921.1008 or visit our website to get a free no obligation Fidelity/Crime Insurance quote.

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Surety Bonds

Posted by BFBOND on February 28, 2012
Surety Bonds / Comments Off on Surety Bonds

Surety Bonds
We offer a variety of surety bonds to our commercial customers, including:

  • Contract/construction surety – These include performance or payment bonds, which are required of contractors performing any project funded by federal, state or municipal entities.

  • Commercial surety – Examples of commercial surety are license, permit, probate or court bonds, which may be required if you operate under local, state or federal license.
  • Fidelity bonds – These protect employers against acts of employee dishonesty, and provide coverage above and beyond the limits of most package products. We also offer a commercial crime bond, which covers losses from burglary, robbery and depositor’s forgery

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