Surety
bonds
a bond given to protect the recipient against loss in case the terms of a contract are not filled; a surety company assumes liability for nonperformance.
Janitorial/Dishonesty Bonds
You should be able to trust your employees. But the fact is, according to a national survey, one third of all employees admitted stealing from employers during the previous year. This problem is so widespread, the U.S. Chamber of Commerce estimates the annual cost of employee theft at $40 billion. In addition to stealing from you, cleaning and janitoral employees steal from your clients and you could be responsible.
FOR EXAMPLE:
- The bookkeeper of a gas station embezzled thousands of dollars over several months. The station owner was unaware of the embezzlement until returning from vacation and finding the bookkeeper gone. The bookkeeper was arrested and convicted. The surety company paid $8,209.88 to the owner.
- The employees of a nanny service stole diamond rings from homes in which they worked. The surety company paid the full bond penalty.
- A newly hired employee was cleaning in a bank and stole $15,000 from the fault. The surety company covered the full amount.
- A cleaning employee was cleaning an auto dealership. A customer left his keys in the night drop; the employee stole the keys and the vehicle. The employee drove the car to another city and wrecked the car. damages totalled $8417 and was paid in full by the surety company.
Protect you and your customers from loss incurred
by dishonest acts of your employees,
rates start at only $100.00 per year. Complete this form and submit electronically
to us.
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