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South Carolina Fidelity Bond

South Carolina Fidelity Bond
South Carolina Fidelity Bond
Fidelity Bond
Contractor Surety Bonds
Price: Depends on application
South Carolina Surety Bond

Fidelity Bond

Bond Details

State: South Carolina
Category: Fidelity Bond
Obligee: ** South Carolina ** ...
Amount: Varies
Duration: Stated on Bond
Expiration: As Entered On App...

Cost: Depends on applic...

South Carolina Surety Bond
Fidelity Bond
Cost:
Depends on application
State:
South Carolina
Category:
Contractor Surety Bonds
Obligee:
** South Carolina ** Generic Obligee
Amount:
Varies
Duration:
Stated on Bond
Expiration:
As Entered On Application
SORPid: B-536
Surety Bond Insurance
Fidelity Bond
South Carolina Fidelity Bond

The South Carolina Fidelity Bond insurance policy covers losses caused by fraud or theft. It also provides protection against lawsuits for claims related to the insured's business.

Fidelity Bond

 

Who Needs a Bond?
A fidelity bond protects businesses from financial losses resulting from employee dishonesty. This includes embezzlement, fraudulent transactions, and other dishonest activities. If an employee commits a crime while acting within the scope of his employment, the employer will likely face civil liability. In addition, the employer may be required to pay restitution to the victim.

Types of Bonds Available
Two central fidelity bonds are available: property and casualty (P&C) and surety. Property and casualty insurance covers the value of the stolen or damaged property, whereas a surety bond guarantees payment of court judgments.

How Much Does it Cost?
A P&C policy typically costs between $1,000-$10,000 per year, while a surety bond will cost between $5,000-$50,000 annually.

When Do I Need One?
If you own a business, you need a fidelity bond to protect yourself from losses caused by employee dishonesty. You should consider getting one when you hire employees. It’s also a good idea to get one if you work with contractors who provide services to your company.

How Long Does it Last?
A fidelity bond will cover you for up to $500,000 per claim. This means that if an employee steals money from your business, you only have to pay back what was stolen up to $500,00. After that, the insurance company pays out the rest of the money.

 

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How do I get a South Carolina Fidelity Bond?

The application process for a South Carolina Fidelity Bond is quick and easy, usually only taking about five minutes from start to bond download (most instant issue bonds). Simply click the "Buy Now" button below, complete the few questions for the bond application, pay, then print your Bond delivered via PDF in color. By posting a surety bond, principals pledge to comply with the conditions of any written contract or applicable law.
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