Non-profit organizations utilize dishonesty/fidelity bonds to protect against internal theft and fraud. Read on to learn more about surety bond coverage for non-profits.
SuretyBonds.com is the nation’s top surety provider. We offer the best service and fastest delivery for non-profit organization dishonesty bonds in the industry.
How Do Fidelity Bonds Work for Non-Profit Organizations?
Fidelity bonds protect non-profit organizations from dishonest acts by officers who manage company assets and have access to bank accounts. The surety bond acts as a form of insurance to protect against theft, fraud, embezzlement, forgery, mismanagement or other financial damages by non-profit employees.
If you need a for-profit fidelity bond, visit our employee dishonesty bond page to apply.
How Much Do Non-Profit Dishonesty Bonds Cost?
Non-profit organizations can expect to pay 1–3% of the total bond amount for a fidelity bond. For example, a $150,000 non-profit dishonesty bond could cost just $1,500 for a qualified organization. However, this percentage may vary depending on specific risk factors.
How to Get a Fidelity Bond for a Non-Profit Organization
Start by applying for your non-profit fidelity bond quote today. Prepare to answer the following questions and provide supporting documentation:
- How many employees will the bond cover?
- What are the job titles of all the covered officers?
- Are all accounting records reconciled by a party without access to deposit/withdraw funds from the organization’s accounts
- Has the organization incurred any losses over the past six years? If so, provide details.
- Will the covered officers sign checks and is a countersignature required?
- Have any of the covered officers been fired from another job?
A SuretyBonds.com representative will help finalize your application and provide your quote. Then, you can purchase your bond online anytime. We’ll email your official bond form immediately after checkout!
