Brian Smith, Segal Select Insurance Services Inc's COO, said, 'As the premiere fiduciary insurance and fidelity bond
broker in the Taft-Hartley market, this acquisition expands our core clientele and further increases Segal Select's West Coast presence.
24, 2013 /PRNewswire/ -- TechInsurance, the country's leading online agent of insurance for small IT businesses, announced this week an expansion of its fidelity bond
offerings, which translates to greater competition on price and coverage for the IT firms it protects.
The fidelity bond
issued to Sperry from CUMIS was identical to the CUMIS Form 500 bond that was issued to the 26 credit unions that were also defrauded by CUN/ USM, according to Sperry's complaint.
One of the nation's premier 1031 specialists and Qualified Intermediaries, Madison Exchange adheres to the most rigorous and comprehensive standards of fiduciary security, with a $10 million fidelity bond
, a $10 million E&O policy, and guaranteed FDIC-backed protection for client funds.
With the exchange funds in a qualified escrow or qualified trust account, and a carefully selected QI who maintains adequate fidelity bond
coverage and sufficient Errors and Omissions insurance, your client should have most of their exposure to any loss substantially reduced.
Because the actual payment may not occur for years after the bond's purchase and because of the cost of pursuing a fidelity bond
claim, the real return on fidelity bonds
Two common misconceptions about fiduciary liability insurance are that your fidelity bond
will cover your fiduciary exposure and that coverage is expensive.
The group, staffed by eight fulltime employees, is a source for property/casualty coverages, including directors and officers, fidelity bond
, employment practices liability and related areas.
The latter would be covered under a fidelity bond
, but the former is questionable, at best.
a mutual benefit corporation that provides fidelity bond
protection for independent escrow companies, covered the loss suffered by the buyers and sellers when Country Oaks collapsed, district attorney's officials said.
The third loss was not covered due to unsatisfactory fidelity bond
The expense loading for surety and fidelity bonds
is higher than average for the property-liability insurance industry overall and accounts for a higher proportion of the surety and fidelity bond
premium than expected losses.