Do any of your employees handle cash or other valuable assets or personal information? If so, you need a fidelity bond to protect you and your customers. A fidelity bond may reimburse your clients or your business in the case of deceitful conduct by an employee or contractor.
Do you have a loved one that can no longer take care of themselves and has been assigned a guardian by the court? Protect them by confirming that guardian has a guardian bond. It safeguards the minor or incompetent person and their assets by ensuring the guardian acts in the best interest of the person they are assigned to protect.
Have you been assigned executor of a will? A probate bond, purchased by the will executor, ensures that the wishes of the deceased, as written in the will, are carried out honestly. In cases of fraud, the probate bond will reimburse those affected.
When do you need a surety bond? It is often required when a business applies for a license, A surety bond is a contract between three parties - the principal (you or your business), the surety (often the government), and the obligee (the entity requiring the bond.)