A Securities Broker / Dealer Blanket Fidelity Bond is a regulatory requirement that insures your firm against intentional fraudulent and dishonest acts committed by your employees and registered representatives under certain specified circumstances. In cases of theft of customer funds, a Fidelity Bond generally will indemnify your firm for covered losses sustained in the handling of customers’ accounts.

The Securities Broker / Dealer Blanket Fidelity Bond Self-rating Program, underwritten by The Travelers, is offered exclusively through Liftman Insurance.

Highlights:

  • Cost savings with new rates and deductible options
  • Non-aggregate bond — coverage is for each and every loss subject to bond terms
  • Discovery basis bond with up to one year discovery period available
  • Legal expense coverage provided in addition to the bond limit of liability (capped at 100% of the bond limit)
  • $25,000 audit expense and $5,000 fidelity claims expense coverage
  • Reasonable deductibles based on the bond limit purchased
  • Coverage for unauthorized signatures of non-employees up to $25,000 per loss and in the aggregate per year
  • Credit/debit card forgery coverage
  • Coverage for uncollectible items of deposit up to $25,000 per loss and in the aggregate per year
  • Computer systems fraud coverage including VIT, telefacsimile, virus and hacker coverage
  • Coverage for partners (if a partnership)
  • Coverage for dishonesty of employees and independent registered representatives
  • ERISA bond coverage for pension and benefit plans is included at no additional charge up to your bond limit (subject to a $500,000 cap per plan)
  • Optional two-year bond — locks in current rates and saves 10% over 2 years — payable in two annual installments

Learn more about Securities Broker / Dealer Blanket Fidelity Bonds

Click here for a Securities Broker / Dealer Blanket Fidelity Bonds application

Click here to read the updated Financial Industry Regulatory Authority Rule 4360 (effective January 1, 2012) regarding Securities Broker / Dealer Blanket Fidelity Bonds

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