What is an Employee Dishonesty Bond?

Employee Theft Bond

What is an Employee Dishonesty Bond?

It is important for everyone to understand more about theft bail bond, and the details that are entailed. An employee dishonesty bond is a kind of fidelity bond that protects a business from dishonest acts conducted by employees. An employee dishonesty bond includes protection against fraud, embezzlement, forging checks, stealing money or merchandise, and more. 

What Employees Should Be Bonded?

In general, it is important to notes that companies bond employees to protect the company from employee theft and dishonesty. Bonding can provide the company with compensation in terms of property loss due to theft or acts performed by an employee. Customers can also be protected in the event of property damage. There are different types of bonds for companies to choose from. Individual bonds can cover one employee while blanket bonds are used to cover all the employees in a company. Employees can be bonded as early as during the hiring process. Self-employed workers can also get a bond to cover damage that they cause while working on behalf of a customer.

How Do Employees Get Bonded?

Are you wondering how employees get bonded? Please review the following procedure below:

  • Employers bond their employees during the hiring process.
  • The company will conduct a preliminary background investigation that will determine if the job candidate is bondable.
  • Employers can ultimately decide not to hire candidates that do not meet the requirements of the bonding process.
  • Both businesses and self-employed workers use bonding in advertising when listing the attributes of the company.

What is Employee Theft Coverage?

Employee theft insurance can cover a wide variety of dishonest acts that employees can perpetuate upon a company. Employee theft is one of these acts. Employee theft is also called employee dishonesty. This coverage is a type of crime insurance. The insurance coverage that is provided to the business can compensate the business for financial losses that are caused by property thefts committed by employees.

Does Employee Dishonesty Cover Third Party?

Every single insurance policy is slightly different. Some insurance policies provide compensation for damage or loss to the property, money, or securities that are leased or owned on behalf of the client. A third-party endorsement will modify the employee dishonesty policy to encompass client premises coverage. If you are wondering whether your current employee dishonesty insurance coverage encompasses third parties, the best thing for you to do is investigate the terms of your policy, or discuss such terms with your current insurance agent.

Bail for Stealing

Usually, the bail for shoplifting or a shoplifting charge is no more than five-hundred or one-thousand dollars. In most cases, the defendant will be released based upon their own recognizance, which means that they do not need a bail bondsman. For serious cases of stealing, the court will determine the terms of the release of the defendant.

Bail Bond for Qualified Theft

Are you wondering whether there is bail for qualified theft? Luckily, there are some answers. If the evidence of guilt is strong for qualified theft, the defendant or appellant will not be entitled to bail. Qualified theft is a crime wherein a domestic servant or a person abuses the confidence of their employer by committing theft. If the property that has been stolen exceeds a certain amount, the basic penalty will be imposed to the maximum.

Qualified Theft Bail Bond Guide

Are you looking for a qualified theft bail bond guide? Each county has its own set of bail bond rules that regulate the bail bond industry in that county. For example, according to office procedures, a bondman may not charge a fee for making a bond that is in excess of the amount of the bond. Another example is as follows: a receipt must be given to the principal or other person on behalf of the principal who establishes collateral on behalf of the bond payment. The receipt needs to describe the property, including serial numbers, VIN’s and more.

Employee Theft Bond

Bail Bond for Theft in Texas

If you have been convicted of theft or burglary in the state of Texas, you will certainly want to understand more about the process for this occurrence. Theft in the state of Texas can mean many different circumstances with regard to your arrest and conviction. Theft includes the following: shoplifting, burglary, misdemeanor theft, felony theft, carjacking, identity theft, robbery, embezzlement, and more. It is also important to understand more about the types of charges that can be levied against you. First, second and third-degree felony theft charges come with corresponding penalties that range in seriousness. Theft is considered a third-degree felony in the state of texas if the total value of the property stolen is equal to twenty thousand dollars, but is less than one-hundred thousand dollars.

If you’d like to learn more about our services, call (321) 631-2663 to speak with one of our bail bondsmen for employee theft bond in Cocoa and Palm Bay, FL!