Fidelity Bonds

Fidelity Bonds

Fidelity bonds (employee theft coverage) indemnify an employer for loss of money, securities and other property caused by an employee theft from the employer.

Think about these FACTS when considering fidelity coverage:

  • The U.S. Commerce Department estimates the annual cost of employee theft is $40 billion – 10 times more than a street crime!
  • The American Management Association estimates that employee theft causes 20% of all business failures.
  • A national survey reported one third of all retail, health care and manufacturing employees admitted stealing from employers last year.
  • Most companies don’t know they have an internal theft problem and make the discovery by accident when it’s TOO LATE!

Don’t let your business add to these statistics. Consider purchasing fidelity coverage from IMT today! We offer either schedule coverages on certain positions or blanket coverages on all employees. In addition, we also write ERISA fidelity bonds required for pension and/or profit sharing plans.

Find out more about our Fidelity Bond program by contacting your local IMT Independent Insurance Agent!

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