What Is a Dishonesty Bond?
“This is Patrick Munro financial advisor discussing what is a dishonesty bond. A dishonesty bond really an employment related performance vehicle. If you are hiring employees that are really required to be in a position of trust in your business at all times. You want to make sure that their performance remains pureless throughout. And then in order to do that you can actually insure their performance through an insurance company that will bond these individuals to make sure that if they were to be dishonest in their proceedings with someone and that created a financial burden upon your company, the insurance company would make that whole. And they would pay to make it right. This is called a dishonesty bond. The insurance company won’t just do this for anyone, the individual must be very trustworthy in the first instance before the risk is taken on. The way you do this is to make sure you check the individual out by way of background checks and if that individual is a successful candi
