During the hiring process, you interview and vet your candidates carefully. When you hire them, you feel sure that they will do a good job for you and your business. You trust them to act in an ethical manner and not put your company in jeopardy.
Still, the people that you hire today may not always be trustworthy and reliable in the future. They can turn quickly if or when the opportunity presents itself. By insuring them with coverage that you can get from one of the local surety bond companies, you can protect your business and your reputation if or when one of your employees violates your trust.
Safeguarding Against Theft
Despite the presence of security cameras and surveillance monitors in your business, you can still lose money and assets to employee theft. Employees can steal from you when you least suspect it. Their theft can leave you without money that you need to operate your business.
Rather than absorb the monetary loss, you can recoup the cash or assets that were stolen from you by making a claim against one of your surety bond companies. The policy that safeguards you against theft can pay out your losses.
Protecting From Reputational Hits
The misdeeds of your employees can come back to your company. Even when they are not on the clock, your workers are associated with your brand. When they engage in misdeeds, they can cause your company to suffer a hit on its reputation.
If your company is sued or found liable because of an employee’s actions, you can avoid paying the settlement out of your personal or business bank account. You can instead get the money to pay it from your worker’s surety bond.
Surety bonds protect your business. They take effect if or when you suffer monetary losses.
