One is, and it catches employers by surprise. Federal law requires that every person who handles funds or other property of an employee benefit plan be bonded. Under ERISA section 412 the bond must be at least 10 percent of the funds handled, with a minimum of $1,000 and a maximum of $500,000, rising to $1,000,000 for a plan holding employer securities. That is a fidelity bond, not a surety bond and not a licence bond. Beyond that, contracts and landlords drive most crime requirements. Current as of August 2026.
Related FAQs
Often yes, because smaller teams may have fewer checks on who handles money.
Not always. It often requires a specific insuring agreement, which we can help you review.
There is overlap, but crime and cyber address different things. Many businesses carry both. We can explain how they may work together.
Ready to get started?
Talk to an advisor or request a quote. It takes about five minutes, with no commitment. Be insurance wise.
