Michigan Fidelity Bonds | Commercial Crime

We offer fidelity bonds to all types of organizations in Michigan. Fidelity bonds are usually included as part of a commercial crime policy and address employee theft of company or client property. The coverages typically available in Michigan under a commercial crime insurance policy include:

• Fidelity: Provides coverage for the loss of or damage to money, securities and other property resulting from theft committed by an employee. The coverage can be provided on a first-party and/or third-party basis and is also called a fidelity bond.
• ERISA fidelity: Also called an ERISA fidelity bond. Provides coverage as required by ERISA to employee benefit plans against theft of plan assets committed by an employee.
• Forgery or alteration: Provides coverage for losses resulting directly from forgery or alteration of checks, drafts, promissory notes or similar written promises.
• Inside the premises: Provides coverage for the loss of money or securities inside the premises resulting from theft, disappearance, or destruction.
• Outside the premises: Provides coverage for the loss of money or securities outside the premises in the care of a messenger or armored motor vehicle resulting directly from theft, disappearance, or destruction.
• Money orders and counterfeit paper currency: Provides coverage for the loss resulting from having accepted counterfeit money orders or paper currency.
• Computer fraud and funds transfer fraud: Provides coverage for the loss of money and securities resulting from computer fraud or funds transfer fraud.

The coverages included in a commercial crime policy in Michigan vary by insurance company and contain multiple exclusions and limitations.