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Christopher Reams Sr
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Christopher Reams Sr   My Press Releases

Employee Theft Surety Bond Insurance Nevada

Published on 2/21/2017
For additional information  Click Here

Employee Theft Surety Bond Insurance Nevada

Employee

Advanced Insurance Resources

8275 South Eastern Ave. Suite 200

Las Vegas, Nevada 89123

702.763.3590

Toll Free: 855.562.9202

We provide employee theft bond insurance

within all neighboring Nevada communities.

Reno Nevada,

Las Vegas, Nevada

Sun Valley, Nevada

Elko, Nevada

Henderson, Nevada

Employee Theft Surety Bond Insurance Nevada

Employee dishonesty is a growing trend in Nevada and across America. Customers trust general and artisan contractors to service, repair or install projects on a property. Client’s own fancy homes, technology equipment, cars, furniture etc. Home & Commercial property owners have low and high value items, that required hard work to obtain. General contracting companies have the responsibility to ensure client protection all times.  Prior to hiring employees or a sub-contractor, a detailed criminal back ground check must occur. Protecting your clients and company is a priority. Company employees stealing a client’s personal property will lead to legal litigation for your Nevada general contracting company.

Employee theft surety bond insurance is an important policy to purchase.  Working with Nevada artisan and general contractors, I’ve learned every state require newly licensed general contractors to purchase a surety bond prior to accepting an approved contractor license. Also, clients require employee theft bonds during the initial hiring process. For example, a roofing company has access to a home’s rear entrance. A nosey employee discovers a client’s tablet, the employee pawns the table for cash. A second scenario is; contractors are remodeling all bedrooms, an employee steal valuable jewelry from the home owners. Both examples are reported to the police, and local county. The insurance company is seeking settlement funds that were paid on behalf of the employee theft surety bond. The insurance company is pursuing litigation against your company.

 

What is an employee theft surety bond?

An employee theft surety bond is a financial agreement between the state, contractor and issuing bond carrier. The contractors commission board of Nevada, require every contractor to purchase a surety bond. The bond is an agreement that all contractual obligations will be completed, without any dishonest employee occurrence. Should employee theft occur, a surety bond claim is filed against the contracting company.

A Nevada employee theft surety bond includes:

·         Obligor – State Commissions board and/or client. (Party requiring the bond.)

·         Principal – Actual Contractor. (Party required to purchase a bond.)

·         Surety – Issuing bond agency. (Company issuing the bond.)

 

Nevada Employee theft bond insurance qualifications.

·         Monetary Limit

·         Character and Experience

·         Type of contractor license

·         Credit

·         Personal and Business financial review.

 

Understanding employee theft surety bonds is an important task. We at Advanced Insurance Resources Las Vegas, will analyze your general contracting company, research carriers to find the proper bond. Should you require help, please click our Agency flier below. Submit your contact information and a Nevada insurance rep will contact you. We thank you.

Employee Theft Surety Bond Insurance Nevada

Employee Theft Surety Bond Insurance Nevada

 

 

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