If you own your own business, and that business is a small business, you must consider dishonesty bonds. Dishonesty bonds give you the kind of protection that you can’t get anywhere else. It is protection from the worst kind of risk; employee theft. While all businesses do suffer from theft from within, you suffer much more when you are a small business. The reason is simple: your employees have access to the same amount of cash as larger businesses, but the percentage gets larger the smaller the business is. For instance, when a large company is doing 500,000,000.00 dollars of revenue per year, 100,000.00 is not hard to take as a loss. However, if you are doing less than a million in revenue per year, taking that 100k hit is a lot harder. In a lot of cases, it can put your business under, especially in an economy like this one.
Do your self a favor and your company a favor and look into a dishonesty bond. The only way you do not need a dishonesty bond is if you have no employees. That is the only way you are not at risk of an employee stealing from you. Find a good surety bond company (because there are many different kinds of bonds you really should be using), and get a dishonesty bond. You never know when it is going to save your company’s life.
Smaller Companies Benefit the Most from Dishonesty Surety Bonds
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