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Washington bonds

Washington — Dishonesty Bond

If you want protection against employees stealing from your Washington business, start with the company's own assets and the people who handle them. This dishonesty bond offers one-year and three-year application choices through RLI.

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

What this bond does

The coverage addresses employee dishonesty, theft and fraud affecting the business's money, securities and property. Recovery depends on the issued terms.

Who needs it
Business owners and organizations seeking protection for their own financial loss can apply. Include a description of your workforce rather than assuming every person working for you is covered.
Who is protected
The employer is the protected party under this first-party fidelity coverage. RLI also describes optional coverage for certain volunteers, contractors, partners and board members.

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.

Match coverage to the people handling your assets

Employees may have access to business funds, inventory or other property. Describe that access when applying, along with any nonemployees you want included.

RLI's custom options can extend coverage to specified groups. Confirm those choices in the proposed documents before treating a contractor or volunteer as covered.

Review existing employee-theft protection

Commercial property coverage can exclude theft by employees. Compare your current employee-theft provisions and limits with the proposed dishonesty coverage to see what you are adding.

This protection addresses the business's loss. It does not establish that a customer-property bond requirement has been met.

Select your term and continue to RLI

Choose one year or three years on this page. Purchase Now opens RLI's application in a new tab, where you can check the requested limit, people covered and start date.

Keep the issued documents and their reporting instructions. Application submission alone is not confirmation that coverage has begun.

Sources

Have these ready

  1. Gather the legal business name, address and description of operations.
  2. Prepare an employee count and identify any volunteers, partners or contractors to include.
  3. Have your existing fidelity or crime coverage, requested limit and desired effective date handy.

Questions about this bond

Which assets does employee dishonesty coverage address?

RLI describes protection for the company's own money, securities and property against covered employee dishonesty, theft and fraud.

Can my 1099 workers be included?

RLI offers an extension for independent contractors. If you request it, include those workers in the employee count used for rating and confirm the extension in your coverage.

Are volunteers automatically included?

Do not assume they are. RLI describes customization for service-organization volunteers; request the coverage your organization needs.

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