Securities Dealer Fidelity Bond

A Securities Dealer Fidelity Bond is a regulatory requirement designed to protect your firm’s assets and customers’ funds.

The Securities Dealer Fidelity Bond is underwritten by The Travelers.

Highlights:

• Coverage for dishonesty of employees and Independent Registered Representatives
• Cost savings with competitive 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 includes Email Initiated Transfer Fraud and Social Engineering Fraud
• Coverage for uncollectible items of deposit up to $25,000 per loss and in the aggregate per year
• Computer systems fraud coverage including voice-initiated transfer, telefacsimile, virus and hacker coverage
• Coverage for partners (if a partnership)
• 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