We provide assistance in securing required Bonds for your business and / or to satisfy your contracts.
Notary Bond: Guarantees to the state and the public, compliance with law and possible damages for improper acts.
ERISA Bond: ERISA bond stands for Employee Retirement Income Security Act. This type of surety bond is a form of insurance that protects employees against fraud or unethical actions.
Employee Dishonesty Bonds
And Many More
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Contact a Phoenix, AZ Insurance Agent who can appropriately guide you through the business bond process and make sure that you obtain the proper protection!
The Employee Retirement Income Security Act of 1974 (ERISA) was enacted to protect employee benefit plans against loss by acts of fraud or dishonesty. The statute instituted a fidelity bond requirement for plan trustees, and it defined the coverage limit requirements.
The ERISA bond policy must equal 10 percent of the funds handled by a trustee or fiduciary with a minimum limit of $1,000 per plan and a maximum limit of $500,000 per plan. Plans holding employer securities are required to carry a maximum limit of $1,000,000.
Review more details on the Department of Labor's website regarding ERISA Bonds