If you’re looking for a comprehensive way to protect your business, then look into getting a Houston TX fidelity bond insurance policy! At Texas Insurance, we pride ourselves on providing the most comprehensive coverage available. More than this, we’ve been in business for years. So we know the kinds of policies that our customers need. Any one of our brokers can easily match you with a policy that works best for your business.
Insurance can be hard to understand. There is so much confusing lingo and jargon out there. So customers easily become overwhelmed by the sheer amount of information presented to them. More than this, many insurance companies make it their sole purpose to confuse customers. So you get roped into their policies. However, you won’t find that with us. All we ever offer to our clients are affordable prices and comprehensive policies that you simply can’t find anywhere else.
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If you want to effectively protect yourself, choose a Houston TX fidelity bond insurance policy today!
Furthermore, as regular human beings who look for insurance on a daily basis, we are searching for the most affordable policies around. So, if we’re looking for this on our own, why wouldn’t we provide this to our customers too? With us, you’re treated not as a dollar sign but instead as a member of our family that deserves quality treatment.
If you would like to learn more about our Houston TX fidelity bond insurance policy, then give our team a call directly today! Or you can keep reading to learn more about the many ways we can help you out. Don’t wait until it’s too late when you can meet with our expert team of brokers today. We are more than ready and able to help you out when need be.
What is Houston TX fidelity bond insurance?
Fidelity bond insurance is a separate insurance type from all others. Most notable in its distinction is that some businesses are literally not allowed to open or begin any operations without it. More than this, at its core, fidelity insurance is made to protect your business and your customers from fraudulent acts committed by one of your employees.
Because this insurance is older, again, in certain states, you are required to have this policy on hand before your business even opens up. Even more than this, fidelity bond insurance is made to target specific malicious acts that do not include mistakes or oversights by your own employees. Fidelity bond insurance is different from errors and omissions insurance. Where employees are covered from mistakes.
Though the distinction can be hard to make between the two, your insurance agent can help you figure out the right policy for your business. With a policy like fidelity bond on hand, you are better able to protect yourself from any fraudulent acts that may lead to customer information being leaked. Moreover, you will be able to fully reimburse your employees or your business as a result of fraudulent acts.
What types of fraud are covered under my policy?
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Usually, monetary theft is the most common type of fraud committed by businesses—for instance, an employee stealing money from the cash register at the close. With a policy on hand, you will be able to make up for the money that is missing from the register. However, more specific policies will cover
- Embezzlement: Embezzlement includes the above–employee theft. If Sarah at the register embezzles money for her rent, your policy will provide you with the coverage you need to replace the monetary loss.
- Customer Theft: If one of your employees steals from a customer, this policy will cover your backend as well. Especially things that are stolen that the team member has had no access to. With Fidelity bond insurance on hand, you’ll be able to easily replace the loss.
- Identity Theft: Next, there is identity theft. For instance, if your employee hacks into the system or has access to private information on the job and they use it, this policy covers the losses. This particular instance is especially important to have with very pertinent employee and customer information.
- Asset Theft: Finally, there is asset theft. Which will cover your business from any losses suffered if your employee steals more valuable assets from the company. These assets can include a product or simply buying your products but not charging themself the full amount.
Do I need fidelity bond insurance?
Overall, with any business, it is important to have an insurance policy on hand, no matter the type. Accidents and events are unpredictable, and it is always better to be safe rather than sorry. So if you are a business that is required to have this policy on hand, as some are like we mentioned before, make sure you speak with us to help purchase the right policy.
Also, if your business lets employees handle direct financial transactions. You’ll benefit from this policy too. Since the information is more at risk. Finally, if your business collects personal information or operates in the financial sector, then you definitely need to have a comprehensive policy on hand.
As you can see, there are many ways to protect your businesses with the right policy on hand. If you want to protect yourself effectively, then it is best to speak with one of our agents immediately. With our years of experience, we can help match you with the right insurance agency and policy today.
Have no fear! Mallory, your insurance agent, is here!
Contact Texas Insurance!
At Texas Insurance, we want to help you out. We truly do care about our customers. That is why we’ve been able to remain in business for so long. However, this article doesn’t touch on all the policies we can match you with.
It is better to keep your business as protected as possible. Therefore, you should contact us directly at 281-398-1010. From there, we’ll be able to find a way to assist you in the best possible ways.
While we hope that you can always trust your employees, sometimes things happen. To make sure you’re prepared when they do, get the right Houston TX fidelity bond insurance policy on hand!
Houston TX Fun Facts:
- The Texas Medical Center is the largest in the world.
- In the late-1830s, Houston was the capital of Texas.
- Houston has an underground tunnel system.
- For more information about Houston, TX, visit the city’s website.
