Employee Dishonesty Bond

Employee Dishonesty Bonds protect your business or service from theft or embezzlement by your employees. This bond is an assurance from Jet to issue financial compensation for the business’s stolen cash or merchandise.

Businesses may benefit from this bond as it adds supplementary protection for your business. Jet provides the Employee Dishonesty Bond at a rate beneath the rest of the market with monthly, annual, or multi-year payment options that allow you to purchase this bond without any middlemen or agents.

Typically, our coverage encompasses all employees, however businesses may select to cover certain employees or departments based on risk factors. By scheduling the coverage a company can reduce the cost of a fidelity bond.

How Much Do Dishonesty Bonds Cost?

Prices for the Employee Dishonesty Bond are dependent upon the total number of employees and the amount you would like to be covered for. Coverage costs can be found detailed in the chart below. 

Bond LimitAnnualMonthly
$5,000$100 - 212$10 - 21
$10,000$126 - 290$13 - 30
$15,000$147 - 334$15 - 33
$20,000$167 - 377$17 - 38
$25,000$187 - 421$19 - 42
$30,000$201 - 449$20 - 45
$40,000$229 - 505$23 - 51
$50,000$257 - 561$26 - 56
$70,000$320 - 670$32 - 67
$100,000$359 - 733$36 - 73
Employee Dishonesty Bond Pricing

An Employee Dishonesty Bond can be applied for and purchased within minutes. Immediately after your purchase, your bond will become accessible to you.

Unlike other insurance agencies which only offer annual payment terms, Jet offers a monthly payment option with no down payment necessary, so you are not trapped in long, unnecessary payment terms.

How Do I Cancel My Bond and Get a Refund?

In order to cancel your bond with Jet, all that’s needed is a written request (email is fine). Depending which state you are in, Jet applies a grace period prior to the cancellation of the bond. Review the chart below to see which grace period applies to you.

StateGrace Period (Days)
DC30
Florida45*
Georgia45
Indiana45
North Dakota30
Texas15
All Other States10
Jet Bond Cancellation Grace Periods

*Florida will wait 45 days before the bond cancels following your request, however, if a monthly payment is missed the bond will cancel after 10 days.

As long as there is time remaining on your annual or multi-year bond term, a prorated refund will be provided. For those who chose a monthly payment option, payment will end immediately once coverage is no longer necessary. 

With Jet, there are no middlemen agents or brokers who apply minimum premiums to the amount being refunded to you. Other surety companies may withhold their commission from the amount returned to you.

What Happens if a Business Needs to Make a Claim on a Bond?

To make a claim, businesses must notify Jet of the theft within 15 days of the incident. Jet will eventually require a comprehensive account of what transpired and know the amount necessary to reimburse the company. Furthermore, evidence of conviction will be needed in order to complete the claim.

After receiving the required documentation, a check will be sent directly to your business. Although theft by the owner is atypical, Jet covers this liability under the Employee Dishonesty Bond. Not all carriers provide this coverage. If the theft has been committed by the owner of the business, the check will be sent straight to the affected person(s).

Are Employee Dishonesty Bonds Required?

No, Employee Dishonesty Bonds are not required by state or local agencies. This bond will help safeguard your company from any fraudulent activity, embezzlement, or stolen equipment or merchandise by your employees.

How Does the Application Process Work With Jet?

Jet’s application process is simple. We just need to know the coverage needed and basic business information such as the number of employees. Following payment, the bond will be accessible immediately. 

How to Renew the Bond

Annual or multi-year coverage with Jet requires payment at the end of the bond term to reinstate coverage. Prior to the expiration of the bond, Jet will deliver a notice to renew the bond for which payment can be completed online or via mail.

With Jet’s monthly payment option there is no need to renew the bond, payments will continue automatically so long as the coverage is needed.

Can a Business Adjust Coverage?

Whenever a change in the number of employees occurs, Jet must be informed. An appropriate adjustment will be made to raise or lower the payment as necessary. A refund may be applicable to those with annual or multi-year coverage lowering their number of employees or coverage.

Employee Dishonesty Bonds vs. Business Services Bonds

Employee Dishonesty Bonds protect your business from theft or embezzlement from your employees. Alternatively, Business Services Bonds protect your customers from any of your employees committing theft in a customer’s home, office, or other off-site location.

While Employee Dishonesty Bonds serve as additional protection to your business, Business Services Bonds may serve as a promotional marketing tool to enhance your company’s image and reputation. Neither bond is required by a regulatory agency to operate. 

Notary Bond Application:

Business Information:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Employee Dishonesty Bond Application:

Business Information:

Business Description:

Coverage Requirements:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Contract Bond Application:

Business Information:

Owner Information:

Job Details:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Worker's Compensation Application:

Business Information:

Business Description:

Coverage Requirements

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information: