Fidelity is a type of insurance bought by an employer to protect against losses
(such as embezzlement or theft by employees that are not generally covered under
normal business insurance policies. We offer the following coverages:
- Employee Dishonesty Coverage
- Forgery or Alteration Coverages
Coverages may be written as a blanket bond for all employees or a scheduled bond
which names a specific employee. Penn National Insurance provides fidelity bonds
up to $1 million for both business and governmental entities.
Commercial Crime Coverage C3 (Third-Party Coverage)
This affordable coverage is the perfect solution for small businesses that provide
professional services to their clients at the client’s home or business location.
Policies are available up to $1 million.
ERISA Plan Protection Endorsement (EPPE)
Federal regulations stat that any person who handles funds of an employee benefit
plan, also called "plan Officials," must be bonded for at least 10% of the amount
of funds that they handle in the plan. The maximum bond amount required is $500,000.
For any new plan beginning January 1, 2008, the maximum bond amount is $1 million,
if the Plan includes employer securities.
The EPPE automatically increases the amount of the policy limit to the amount required
as outlined in the Employee Retirement Income Security Act of 1974 at the time of
a claim or inquiry from the Department of Labor or any official participant in the
plan.
To find out how our bond program can meet the needs of your business, contact the
independent agent nearest you by using the Agent Finder on this page.
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