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Ask Us about Tech Insurance!

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Since launching TechInsurance in 1997, we've received thousands of questions about insurance from the owners of technology startups and small tech businesses. As technology our customers use has evolved over the years, so have their questions, but many of the issues are just as relevant today as they were way back then.

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What Is the Cost of a Fidelity Bond for a Small Business?

A Fidelity Bond is a type of insurance that protects a business from fraudulent or illegal acts on the part of its employees. If you have clients in finance, banking, or similar industries, they may require you to have Fidelity Bonds before signing a contract with you.

If your business is required to have a Fidelity bond, your insurance company may offer you the option of paying through a payment plan, over the course of several months.

What Does a Fidelity Bond Cover?

Third-party Fidelity Bonds cover a business for losses related to employee theft, dishonesty, or fraud. If, for example, one of your employees stole money from one of your clients, your Fidelity Bond coverage would kick in.

Its protections would pay for the costs of defending your business in any lawsuits brought by your client, as well as for any damages for which your business was found liable.

The cost of a Fidelity Bond depends largely on the size of your firm, the kind of work you do, and the type of clients you serve.

Sample Fidelity Bond Quote: Small Consulting Business

For the purposes of this quote, a "small" consulting business is one with:

Sample annual premium: $1,850

Deductible: $50,000

Coverage limit: $1 million

Employees covered: 1 to 10

Sample Fidelity Bond Quote: Independent Contractor / Web Designer

For the purposes of this quote, we consider an independent contractor or web designer to be a sole proprietor who earns up to $150,000 in annual revenue.

Sample annual premium: $1,850

Deductible: $50,000

Coverage limit: $1 million

Sample Fidelity Bond Quote: Large Consulting Business

For the purposes of this quote, a "large" consulting business is considered one with:

Sample annual premium: $3,569

Deductible: $50,000

Coverage limit: $1 million

Employees covered: 26 to 50

Receive Free Fidelity Bond Quotes for Your Business

When you're ready to find out how much a Fidelity Bond will cost your business, simply fill out our online application (the process should take about 15 minutes). Once you have, a TechInsurance agent will email you policy quotes, which you can compare at your convenience. If you have any questions as you complete the application or after you submit it, you can reach your agent via telephone.


70% of businesses raise prices or cut hiring when sued

$475,000 = Average court costs for disputes over technology transactions

$35 billion = annual out-of-pocket cost of lawsuits for small businesses