Fidelity/Dishonesty Bonds protect the obligee from employee theft and/or dishonest acts. Coverage is tailored to the type of business and protects both the business and its clients. Generally the bond amount is set by the business requiring the Bond. The bond amount typically reflects the dollar amount the business sees as the potential for loss due to theft or a fraudulent act by specific individuals.
Typically, Fidelity Bonds are quick and easy to process. Viking Bond Service, Inc. can generally quote your Fidelity Bond request shortly after receipt of the application for Bond amounts at or below $25k and 24 to 48 hours for anything over $25k.