CORPORATE CARE INTERNATIONAL 2015 | PRIVACY POLICY 

2975 Westchester Avenue, 4th Floor, Purchase, NY 10577

Phone: 914-358-9750 | Email:  info@ccibenefits.com

260 West 36th Street – 9th Floor – New York, NY  10018

Property Casualty

Crime, Fidelity and Fudiciary Bonds

A Fidelity Bond is a type of Surety Bond that protects against malpractice and fraud committed by your employees.  Often, businesses in the financial, insurance, mortgage, banking and real estate industries require some sort of Fidelity bond as a pre-requisite to doing business or obtaining credentials.  The bond protects you and your customers specifically against employee theft, negligence, dishonesty or any other fraudulent or illegal acts on the part of your employees.  It will pay for any damages or losses that your business is found liable for including legal fees, judgments and settlements.  Premiums are based on the size of your company, nature of your business (type of clients you serve) and amount of coverage you are seeking.  

 

Crime Insurance is similar to the protection covered by a Fidelity Bond but provides a broader scope of coverage.  Fidelity Bonds are limited to money crimes, but actual crime insurance may cover damages as a result of other types of crimes like employee theft, fraud, forgery, robbery and other crimes causing a loss to the company or its clients.  It will pay for any damages or losses that your business is found liable for including legal fees, judgments and settlements.  Premiums are based on the size of your company, nature of your business (type of clients you serve) and amount of coverage you are seeking.   

 

A Fiduciary is a person who is placed in trust, either by a company or appointed by the court in a legal proceeding and trusted to manage and act in the best interest of another person or entity, such as a guardian, estate, trust or a real estate transaction.  A Fiduciary Bond protects the person or entity against fraud and embezzlement committed by the Fiduciary.

If you have any questions, please contact us at 914.358.9750 | Email:  info@ccibenefits.com