
Pension Trust (ERISA) Bonds
Pension Plans and profit sharing programs are managed by appointed individuals known as plan fiduciaries. The Pension Reform Act of 1974 states that the fiduciaries of a pension or profit sharing fund are required to post a bond for 10% of the amount of funds handled.
Employee Dishonesty Bonds
Employee Dishonesty Bonds guarantee that the bonded employee(s) will handle their employer's money and property with fidelity. Small companies can be especially hard hit because they can't afford extensive safeguards and do not have the financial capacity to absorb the losses.
Public Official
The Public Official may be elected or appointed to a full-time or part-time position. The bond covers the official's term of office and guarantees that the bonded official will faithfully perform all official duties. Said bonds are the direct result of state statute or other type of public charter and specifically determine the exposure for a given bond.
Examples of Public Official Bonds - Notary, Treasurers, Tax Collectors, Sheriffs and Other Public Officials
Probate Bonds
Probate bonds are required by law to guarantee an honest accounting and faithful performance of the duties of the fiduciary in compliance with the orders of the probate court.
Examples of Probate Bonds - Administrator, Executor and Guardian
Judicial Bonds
A Judicial Bond is generally required in civil court proceedings when a litigant
seeks a special right or remedy in advance of a final court decision.
Examples of Judicial Bonds - Attachment, Injuction, Replevin & Appeal
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