A strong system of internal controls is your nonprofit’s first line of defense against employee theft and fraud. However, no system is foolproof. A Fidelity Bond provides an affordable safety net, helping protect your organization from financial loss due to fraudulent or dishonest acts committed by employees.
What Does a Fidelity Bond Cover?
A Fidelity Bond indemnifies your nonprofit against losses caused by fraudulent or dishonest acts committed by eligible employees—whether acting alone or in collusion with others. Coverage applies up to the limits of the bond purchased and protects against loss of money or property.
Why Choose the Maryland Nonprofits Fidelity Bond Program?
Our Fidelity Bond Program is a blanket bond, offering broader protection than traditional name-schedule individual bonds.
- Covers all employees – You don’t need to notify the insurer every time you hire or replace staff. All employees with access to money or property are automatically bonded.
- Includes volunteers – Unlike most fidelity bonds that cover only employees, our program extends coverage to dishonest acts by volunteers at no additional cost.
- ERISA Compliance – If your nonprofit has an employee benefit plan, an ERISA endorsement is automatically included at no additional cost.
Comprehensive Coverage from Travelers Insurance
Our Fidelity Bond Program, provided through Travelers’ proprietary Wrap + Fidelity & Crime Policy, includes protection for:
- Employee dishonesty
- Forgery and alteration
- On-premises theft
- In-transit theft
- Money order and counterfeit currency fraud
- Computer fraud and funds transfer fraud
Coverage is exclusively available to qualified nonprofit members of Maryland Nonprofits.
Risk Management Support at No Extra Cost
As part of the program, members receive access to Risk Management PLUS+ Online —a dynamic, web-based platform that provides:
- Strategies to prevent employee dishonesty
- Risk assessment tools
- Resources to protect against costly litigation
Get Covered Today
Secure your nonprofit’s financial future with a Fidelity Bond that offers broad, flexible coverage.
To learn more, contact Rob Cannon from Gorges & Company.
