Protect what employees, thieves, and fraudsters can reach.
Employee dishonesty, forgery, computer fraud, funds-transfer scams — crime losses hit small and mid-size organizations hardest. BF Bond places commercial crime, third-party crime, and ERISA fidelity coverage with A-rated carriers, matched to how your organization actually works.
- Serving businesses since 1949
- Coverage for companies & non-profits
- A-rated carrier partners
Which fidelity coverage do you require?
The word “fidelity” covers three distinct products. Each protects a different party against dishonesty — pick the one that matches your situation, and apply in minutes. Not sure? Start any application and an agent will confirm the right fit before anything is issued.
Commercial Crime
Protects YOUR organization from losses caused by employee theft, forgery, burglary, computer crime, and fraudulent funds transfers.
- Employee theft & dishonesty
- Forgery or alteration of checks
- Money & securities, on premises or in transit
- Computer crime & funds-transfer fraud
- For private companies and non-profits
Third-Party Crime
Protects YOUR CLIENTS from theft committed by your employees while working on their premises — often required in service contracts.
- Covers employee theft of client property
- Contract-specific or blanket for all clients
- Common for janitorial, staffing, IT & home care
- Strengthens bids and client contracts
- Certificates for each client available
ERISA Fidelity Bond
Protects your EMPLOYEE BENEFIT PLAN — federal law requires anyone who handles plan funds to be bonded.
- Required by ERISA Section 412
- Generally 10% of plan assets handled
- Up to $500K per plan ($1M with employer securities)
- Covers 401(k), pension & welfare plans
- Fast issue — often same day
Who is protected — and from what?
The simplest way to keep them straight is to ask whose property is at risk.
Commercial Crime protects your own money, securities, and property — from your own employees and from outside criminals.
Third-Party Crime protects your clients’ property from your employees while you’re providing services under contract. Clients increasingly require proof of this coverage before signing.
ERISA Fidelity protects the assets of your employee benefit plan from the people who handle them. It’s not optional — federal law requires it, and Form 5500 asks for your bond amount every year.
Many organizations end up carrying two or even all three. We’ll help you avoid gaps and overlaps.
A sobering statistic
Organizations lose an estimated 5% of revenue to fraud each year, and small businesses suffer disproportionately — median losses often exceed $100,000 per scheme, frequently uninsured.
Not covered by GL or property
General liability and property policies exclude employee dishonesty and most fraud losses. Crime coverage exists precisely to fill that gap.
Form 5500 tip
If your benefit plan's bond is below 10% of plan assets handled, it shows on your 5500 filing — a common audit flag that's inexpensive to fix.
Fidelity & crime FAQs
Premiums depend on your limit, employee count, industry, and internal controls. Many small-business policies with $100K–$500K limits cost a few hundred to a couple thousand dollars per year — far less than the median fraud loss.
Generally at least 10% of the plan assets each person handles, with a $1,000 minimum, up to $500,000 per plan — or $1,000,000 for plans holding employer securities. We’ll size it correctly from your plan asset figures.
The ERISA fidelity bond is required by law and protects the plan against theft by people who handle its funds. Fiduciary liability insurance is optional and protects the fiduciaries themselves against claims of mismanagement. Many sponsors carry both.
That’s almost always third-party crime coverage (sometimes called a business services bond) — it protects your client’s property from theft by your employees while on their premises. Our third-party application takes about five minutes.
Yes. Segregated banking duties, dual authorization on wires, background checks, and annual inventory counts all improve pricing — the application asks about them so underwriters can credit what you already do.
Looking for a different bond?
Explore contract bonds, license & permit bonds, court bonds, probate bonds, title bonds — or browse all bond types.
Close the coverage gap before it costs you.
Pick your application above — each takes four to six minutes — or talk it through with a specialist first. Either way, you’ll have clear options the same business day.
