Thomas Sweeney
Used Fred for my executor bond, he worked with me over the phone as I was out of town to fill out the paperwork. The prices were much cheaper than anywhere else I found.
Thomas Sweeney
2022-12-27
bryan acheson
Fred and team at Harrison Insurance are awesome. I requested a review of my insurance coverage for my business and found that I was grossly under covered. Fred explained where I was needing additional coverage and why it was important. Needless to say, I'm now a client. Fred truly cares for his clients. I think my premiums basically stayed the same, for additional coverage I might add, but I would have been willing to pay more just for the service and knowing I was being taken care of. I highly recommend Fred for your business.
bryan acheson
2022-03-04
Kayla Furrow
Harrison Insurance is a great company to work with! I worked with Fred and the personal touch he adds makes you feel like you’re truly being taken care of, like you’re a part of the family. Fred never settles for the bare minimum, and if he sees something lacking in your insurance policy, he will tell you what he can do to fix it and what kind of options you have to make sure you’re covered in every area possible. Harrison Insurance is a small town agency, but their impact is huge. If you’ve got any kind of insurance, it is always worth giving Harrison a call and seeing where you can improve your coverage while lowering your rates. You definitely won’t regret touching base with them!
Kayla Furrow
2022-01-11
Wes Tatum
Highly recommend this company. Fred Zehrer was my agent and he provided top notch service. The process was simple and Fred saved me over $600 a year on my business vehicle insurance. I can't say enough good things about Fred and Harrison Insurance. If you want peace of mind and fair prices, this is where you need to be.
Wes Tatum
2016-09-07

Understanding a Dishonesty Bond

Dishonesty bond

Understanding a Dishonesty Bond

As a business owner, you want to trust your employees and believe that they have your best interests at heart. However, the unfortunate reality is that employee fraud and dishonesty can occur in any workplace. This is where dishonesty bonds come into play. In this article, we will discuss the basics of dishonesty bonds and how they can protect your business from financial loss.

What is a Dishonesty Bond?

A dishonesty bond, also known as a fidelity bond or a trust bond, is a type of insurance that protects a business from financial loss due to employee fraud or dishonesty. It is a contract between the business, the insurance company, and the employee. The bond guarantees that the business will be reimbursed for any financial loss caused by the dishonest actions of an employee.

How Does it Work?

When a business purchases a dishonesty bond, they are essentially transferring the risk of employee fraud or dishonesty to the insurance company. If an employee commits an act of fraud or dishonesty, the business can file a claim with the insurance company to recoup their financial losses. The insurance company will then investigate the claim and determine if it is valid. If the claim is approved, the insurance company will reimburse the business for the financial loss, up to the limit of the bond.

Who Needs a Dishonesty Bond?

Any business that has employees who handle money, sensitive information, or have access to valuable assets should consider purchasing a dishonesty bond. This includes businesses in industries such as banking, retail, healthcare, and government. Even if you trust your employees, it is always better to be safe than sorry.

What Does a Dishonesty Bond Cover?

A dishonesty bond typically covers losses caused by theft, embezzlement, forgery, and other fraudulent activities committed by an employee. It may also cover losses caused by the dishonest actions of third parties, such as contractors or vendors. However, it is important to note that dishonesty bonds do not cover losses caused by errors or mistakes made by employees.

How Much Does it Cost?

The cost of a dishonesty bond will vary depending on the size of your business, the number of employees, and the amount of coverage you need. Generally, the cost of a dishonesty bond is a small percentage of the coverage amount.

Conclusion

Employee fraud and dishonesty can have a devastating impact on a business, both financially and reputationally. By purchasing a dishonesty bond, you can protect your business from these risks and have peace of mind knowing that you are covered in case of any fraudulent activities. If you are interested in purchasing a dishonesty bond, we at Harrison Insurance are here to help.

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