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008 TABLE OF CONTENTS SECTION I: CONDITIONS GOVERNING THE PROCUREMENT A. B. C. D. E. F. Introduction .3 1. Public Official Bond .. 3 2. Register of Deeds Bond . 4 Bidding Instructions and Conditions.

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It's unlawful under ERISA for plan officials not to be bonded. 401(k) fiduciaries can be held personally liable for losses that should have been covered by a fidelity bond.

Fidelity bonds protect your business against employee theft. If one or more of your employees is entrusted to handle cash or other valuable assets, you should consider a fidelity bond.

Conversely, a faithful performance bond is designed to guarantee that a public official or employee will act with honesty and/or in faithful performance of his or her official duties.

While bid, performance, and payment bonds are obtained by an independent contractor or a business owner to protect its clients, a fidelity bond is a type of surety agreement that protects the business as well as its customers.

Accomplish the form and affix required signatures. After successfully accomplishing the OFBS Enrollment form, submit the accomplished form to your designated BTr field office thru email and the enrollment form as file attachment. Wait for an email confirmation on the email you registered in the enrollment form.

What is Fidelity Bond? Fidelity Bond is an insurance of bondable public officer under the Fidelity Fund to assure:  faithfully perform all the duties imposed by law upon him;  faithfully account all funds and public property coming into his possession, custody of control.

A fidelity bond is a form of business insurance that offers an employer protection against losses that are caused by its employees' fraudulent or dishonest actions. Also known as an honesty bond, this form of insurance can protect against monetary or physical losses.

How much fidelity bond coverage is required? At the beginning of each plan year, the coverage amount of the bond must be at least 10 percent of the amount of funds handled. The minimum bond amount is $1,000 and, in most cases, is not required to be more than $500,000.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232