In addition to the Liability policy for the Primary, businesses must carry a minimum $100,000 employee dishonesty or surety bond for registered sub accounts. In many cases if there are only 1-3 sub accounts it is more cost effective to register them as primary accounts. Please provide proof by receipt or dated document that the policy is in force. Most of these bonds are not renewed annually but are perpetual until cancelled.
Other terms used that identify this coverage
- Criminal
- Vicarious
- Dishonest
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