FAQs

No. Fidelity is crime coverage for employee theft, which we handle separately.

A bid bond backs your bid, a performance bond backs your completion of the work, and a payment bond backs payment to subs and suppliers.

No. It guarantees your obligation to the obligee. If the surety pays a claim, you are expected to repay it.

Licensed contractors generally need a contractor license bond filed with the CSLB. The state sets the required amount, which can change.

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.

Often yes, because conditions like mold or legacy contamination can surface unexpectedly on owned property.

Crime is first-party insurance that pays your business for its own loss. A surety bond is a three-party guarantee that protects someone else. A fidelity bond specifically covers employee ...

It depends on the form. Some respond to sudden events only, others may include gradual conditions. We can review the wording with you.