Your Loss, Recovered
When an employee, acting alone or in conjunction with someone else, commits an act or acts of dishonesty, with the sole intent of causing an association to sustain a loss, a Fidelity Bond provides the coverage needed to indemnify the association for the loss. This includes loss of money, property and securities.
Types of dishonest acts covered, include:
- Theft/Stealing or Wrongful abstraction
It is important for you to keep in mind one thing: Directors and Officers, as well as management company employees are considered employees of your association.
Fidelity Bond limit requirements are determined by your CC&Rs or FNMA, but should normally be at least equal to three months association fees plus reserves.
Contact us now to ensure you are protected against acts of dishonesty.