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Minnesota bonds

Minnesota — Dishonesty Bond

Employee theft can leave your Minnesota business with missing funds or property. This dishonesty bond lets you apply for fidelity protection through RLI with a one-year or three-year term.

Also known as Minnesota Dishonesty Bond (1 Year); Minnesota Dishonesty Bond (3 Years); Minnesota 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
Minnesota
Bond type
Employee Dishonesty & Fidelity Bond
Category
Fidelity & employee dishonesty

What this bond does

The offering addresses covered employee dishonesty, theft and fraud affecting the company's money, securities and property.

Who needs it
Apply as the employer or organization whose assets need protection.
Who is protected
The focus is your business's own loss. A client asking for protection of their property needs a form-specific comparison.

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.

Review the employee-theft protection you need

Check any employee-theft provisions in your current coverage. Bring those documents to the application so you can compare the people, assets and limits involved.

Choose a term and select Purchase Now to open RLI in a new tab. Review your requested limit and start date before completing the application.

Sources

Have these ready

  1. Have your legal business name, location and employee count available.
  2. Identify any contractors or volunteers you want included.

Questions about this bond

Does property insurance already cover this?

Check your policy. RLI notes that property coverage may exclude theft by employees.

Is a longer term broader protection?

The term sets the period requested. Covered people, acts and limits come from the proposed coverage wording.

What records should I retain?

Keep the issued coverage documents and their reporting instructions with your business records.

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How can we help you get started?

Choose the quote that fits, and we’ll take it from there.

Have a question? Contact us