What is a fidelity bond and do Georgia service businesses need one?

Yes. Fidelity bonds (also called employee dishonesty bonds) protect your clients or your business from losses caused by employee theft, embezzlement, or fraud. They are required by many Georgia service contracts, particularly for businesses providing financial services, property management, cleaning and maintenance services, and healthcare billing. A business service bond is a simpler product that protects clients from employee dishonesty during on-site service. ERISA fidelity bonds are required for businesses sponsoring qualified retirement plans. We place all three types through Big I Alliance Blue.