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Michigan bonds

Michigan — Dishonesty Bond

If an employee steals business funds or property, your company bears the loss. A Michigan dishonesty bond offers fidelity protection for covered employee theft, with one-year and three-year terms available through RLI.

Also known as Michigan Dishonesty Bond (1 Year); Michigan Dishonesty Bond (3 Years); Michigan Dishonesty Bonds

2 options on record. Choose the one that matches your requirement, then purchase.

How a fidelity bond works

Fidelity protection responds to covered dishonest acts. The form identifies whose money or property is protected, the covered persons, and the applicable limits.

Bond family
Fidelity bond
Recorded state
Michigan
Bond type
Employee Dishonesty & Fidelity Bond
Category
Fidelity & employee dishonesty

What this bond does

This coverage addresses dishonest acts, theft and fraud affecting the company's own money, securities and property.

Who needs it
Michigan business owners and organizations can apply for protection of their own assets.
Who is protected
Protection is for the business's covered loss. The word bonded does not establish coverage for a customer's property or every kind of financial loss.

Choose from 2 options

Each option is a separate record. Where a term, bond amount, premium, or E&O limit is known, it is listed; match it to what your requirement asks for.

The coverage amount describes a limit of protection, not the price. Match the requested protection and covered persons to the actual fidelity form. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Choose the period and request the protection you need

Select the one-year or three-year option before you continue. Decide what limit you want to request by considering the assets your workers can access and any written coverage requirement.

Purchase Now opens the RLI application in a new tab. Review covered people, the effective date and the proposed terms before you finish.

Sources

Have these ready

  1. Gather your legal business details and employee count.
  2. Identify any additional groups, such as contractors, you want considered for coverage.
  3. Have your requested limit, start date and existing fidelity documents ready.

Questions about this bond

Is a limit already selected here?

The choices on this page identify the term. Review the available limit and coverage details in your RLI application.

Can I rely on existing property insurance?

Check its employee-theft provisions. RLI describes dishonesty coverage as addressing employee theft that property coverage may exclude.

Does applying mean I am covered?

Use the issued documents to confirm coverage and its effective date. Starting an application is only the first step.

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How can we help you get started?

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