Put Your Trust in IFS:Comprehensive Bond Solutions for Businesses

IFS Insurance provides an array of bond solutions to businesses, including the following listed here. For some of the bonds, we’ve provided you with online forms so that you can easily submit your request to us.

Lost Instrument or Securities Bonds

When a person loses a document, certificate, or instrument, the issuer will not usually deliver a duplicate until the owner of the lost instrument furnishes an indemnity bond or lost instrument or securities bond. These bonds guarantee that, should the original lost document be found, it will be returned to the surety or obligee for proper disposal.

Fiduciary Responsibility Bonds

Although ERISA does not require Fiduciary Liability Insurance, individuals with fiduciary responsibilities are highly encouraged to carry this coverage. You are a fiduciary of an employee benefit plan if you 1) are named in the plan document or are identified as a fiduciary by the sponsor of the plan; 2) exercise any discretionary authority or discretionary control with respect to the management, administrations or disposition of plan assets, 3) provide investment advice for a fee or other compensation. IFS is proud to provide Fiduciary Liability coverage along with excellent service.

Notary Bonds

In most states (not Delaware) a notary public is required to file a bond to receive their commission.

Notary Public Errors and Omissions

This provides protection to the insured when they are obligated to pay for breach of duty while acting as a duly commissioned notary for any negligent act, error or omission arising out of the performance of service for others. This covers damages and legal fees.

Court Bonds

A Court bond is a general term embracing all bonds and undertakings required of participants in a lawsuit permitting them to pursue certain remedies in the courts.

  1. Plaintiff Bonds
    1.  Attachment or Replevin Bonds
    2.  Indemnity to Sheriff Bonds
  2. Defendant Bonds
    1. Appeal, Supersedeas, or Stay of Execution Bonds
    2. Counter-Replevin and Release or Discharge of Attachment Bonds

Types of Fiduciaries Required by Probate Courts

  1. Administrator, Executor, Personal Representative: Required by a will or the court system to execute the estate of deceased person.
  2. Guardian or Conservator: Required when a person is unable to handle their own affairs, and the court appoints another person to handle the affairs of that person.

Fidelity Bonds: Employee Dishonesty

Protects the employer against a dishonest act by an employee. Pays for loss of money or other property real or personal.

Dishonest acts committed by an “employee”, whether identified or not, acting alone or in collusion with other persons, except you as a partner, with the apparent intent to:

  1. Cause you to sustain loss; and also
  2. Obtain financial benefit (other than employee benefits earned in the normal course of employment, including: salaries, commissions, fees, bonuses, promotions, awards, profit sharing or pensions) for:
    1. the “employee”; or
    2. any person or organization intended by the “employee” to receive that benefit.