Fidelity Bonds
Place fidelity bonds for your clients through Baker's wholesale surety desk. A fidelity bond protects a business from employee theft, embezzlement, and forgery.
A fidelity bond protects a business, a benefit plan, or a client from financial loss caused by a dishonest employee — theft, embezzlement, or forgery.
What it does
Unlike a surety bond, which is a three-party guarantee, a fidelity bond is first-party protection: it pays the insured directly.
- ✓Covers loss from employee theft, embezzlement, and forgery
- ✓Sits close to commercial crime insurance and often overlaps it
- •The insured collects the loss — there is no third-party obligee
Who needs it
Businesses whose employees handle cash, records, or client property; retirement plans; and service firms that send workers into client homes.
- →Employee dishonesty bond — protects the employer from its own staff
- →Business service bond — protects a service firm's clients
- →ERISA bond — protects an employee retirement plan
Each type has its own page; follow the links to place the right one.
How to place it through Baker
Send us the business type, the employee count, and the coverage amount the obligee or plan requires.
- →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.