If you have a business where you are hiring people to work for you, and you would like to protect yourself from physical or monetary losses that may be the direct result of working with them, fidelity bonds are exactly what you need. This can come up if one of your employees is found to be guilty for dishonest or fraudulent actions such as theft, fraudulent trading or forgery. This will protect your company monetarily until this can all be resolved you need to obtain these bonds from a reputable business. A company by the name of Bonds Express is one of the industry leaders for providing fidelity bonds, as well as any other bond that is imaginable.
What a Fidelity Bond Can Do For You
What is confusing for most people when they hear about this form of insurance is that they actually think it is a bond. It is not a bond, nor can it be traded. In some countries it is referred to as employee dishonesty insurance. You can obtain a bond like this for reasonable amounts from many companies. These are very common when insurance companies, brokerage firms, and any other business that deals with a substantial amount of capital is working with employees which may purposefully, or inadvertently, commit illegal fraudulent actions.
Why You Should Get Them At Bonds Express
Bonds express is a business that provides fidelity bonds, and many other types of bonds, for all of the 50 states. When you go to their website, you simply click on the state that you are from, choose the type of bond that you would like to apply for, and you will be directed to an application. This application can be filled out digitally, and then submitted, allowing the company to begin reviewing your information. It should be noted that if you have bad credit, it does not mean that you will not qualify. They have a work around for those that might not have the best credit but that still need to get one of these bonds.
How Long Will It Take To Issue Them?
The speed at which they are issued is almost always dependent upon your credit. Of course, there is also the time that it will take you to submit the application. Once the company has it, they can either approve it within hours, or it may take a couple days as they are assessing your specific situation. The amount that you are requesting can also be a contributing factor to delays, as well as credit ratings that are quite low. They will do their best to work with any business and provide them with the bond that will protect them in some fashion.
You should consider getting fidelity bonds today from Bonds Express if this is something you have been procrastinating on. It is absolutely necessary when you are in a business where fraud and dishonest actions are rampant. If there is any possibility of an employee forging documents, doing fraudulent trading, or any other illegal activity, it is always better to be safe than sorry by getting one of these bonds that can make sure that your company is fully covered.