Dishonesty Bond: A Bond You Hope You’ll Never Use

Dishonesty bonds are made for just one purpose: one of your employees has stolen from you or embezzled from your company.  This is something you hope never to use, because it means that someone you trust implicitly has betrayed you.  This is a big letdown personally, but what comes next is even worse.  The fact that they let you down means that this has some monetary value attached to it.  Usually, the bigger your company is, the worse this is going to hit you.  if you have even ten employees, this means you have to be doing well over a million a year in revenue.  An employee in the right position could hit you for 100k before you could shake a stick.  That’s a third of your payroll for the year.  A dishonesty bond will keep you afloat in that nightmare.