Employee Dishonesty Bonds
Place an employee dishonesty bond for your commercial clients through Baker's wholesale desk — first-party fidelity coverage against staff theft and fraud.
An employee dishonesty bond is fidelity coverage that protects an employer from loss caused by its own employees' theft or fraud.
What it does
It pays the business directly for money, securities, or property that an employee steals.
- ✓First-party coverage — the employer is the insured
- ✓Covers theft, embezzlement, and other dishonest acts by staff
- •Frequently written as part of a commercial crime policy
Who needs it
Any business whose employees handle cash, inventory, payroll, client funds, or accounting records.
- •Contracts, franchises, and lenders sometimes require it
- •Also called employee theft coverage on a crime form
How to place it through Baker
Send the business type, the number of employees, and the coverage limit you want to quote.
- →Start a bond quote, or send the application link to your client
** Terms used here are a summary only. Always refer to the bond form and the obligee's requirements.