New Mexico Fidelity Bond
Bond Details
New Mexico Fidelity Bond – Bond Amount Varies – Bond Cost Varies
Overview
A New Mexico fidelity bond is a type of business insurance that protects employers and their clients from financial loss resulting from employee misconduct. Fidelity bonds, such as business services or employee dishonesty bonds, include a conviction clause. This means an employee must be convicted for coverage to apply.
Principal: Business owner (you)
Obligee: Your business
Surety: NNA Surety
Bond Amount: Varies
Bond Cost: Varies
Bond Term: 1 year
A fidelity bond lasts for one year, after which you’ll need to renew to secure coverage.
Fidelity Bond Cost
The cost of a fidelity bond is based on your company size, industry, and bond amount you’d like to be covered for. For example, a $100,000 fidelity bond may cost between 1%-5% based on the above factors. Get a free quote by calling 855-215-2160.
Who needs a New Mexico fidelity bond?
You may consider protecting your business with a fidelity bond if your employees have access to financial transactions or client property. A fidelity bond may be beneficial for the following businesses:
- Home healthcare services
- Home pet care services
- Commercial cleaning/janitorial services
- Security services
- Retail businesses
Get Your Business Bonded
Protect your business with a fidelity bond from NNA Surety today. Our team of experts can help you find the right coverage for your business needs. Call us or complete our form to learn more.