Bond insurance & Others
BOND FOR TRAFFIC DRIVING SCHOOL, LANGUAGE SCHOOL, CAR WASH AND
ETC. E&O FOR LAWYERS, CPAS, DOCTORS AND PROFESSIONAL OCCUPATION.
Why do we need the bond insurance? That’s a common question we get from business owners. They do not believe that their business will have an incident related to employee dishonesty. However, employee fraud is more common than you might think. According to the Association of Certified Fraud Examiners (ACFE), fraud and embezzlement account for losses to the tune of $400 billion per year. This is nearly 6% of total annual revenue. For small companies, theft and fraud can prove to be a major setback, as they can’t afford extensive safeguards and aren’t large enough to absorb losses