Surety & Fidelity Bonds

Surety Bonds are required to meet a myriad of commercial obligations, ranging from simple, low-risk bonds required to guarantee compliance with a license to more complex, high-risk financial guarantees including:

• License & Permit Bonds – Typically low bond penalty amounts – required by governmental entities in connection with a license or permit to operate a business.
• Public Official Bonds – Required by local or state statutes that set the bond amount – commonly required for Treasurers, Tax Collectors, Municipal Clerks and School Administrators.
• Judicial/Fiduciary (Court) Bonds – Required when an individual must act in the capacity of another person – commonly required for an executor or administrator of an estate, guardian of a minor or incompetent and court appointed trustees.
• Miscellaneous Bonds – Required by governmental entities, utility companies or labor unions to guarantee the payment of money, indemnity obligations or performance of an obligation.

Also known as Crime Bonds, Fidelity Bonds help protect assets from loss due to dishonest acts. We specialize in serving commercial businesses, not-for-profit organizations, public entities and pension and profit-sharing plans as well as service companies in tailoring coverage solutions to meet specific needs including:

• Commercial Crime
• Employee Theft
• Forgery/Alteration
• Theft of Money & Securities
• Safe, Burglary & Robbery
• Computer Fraud
• Funds Transfer Fraud
• Pension and Profit-Sharing Plan (ERISA) Bonds
• Clients’ Property (Third-Party Fidelity) Bonds

Consider your bond to be as good as the company behind it, and rely upon the consistent market leadership, financial strength and stability of Selective.