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Phone
316-265-3181
Locations
5838 W. 21st Street
Wichita, KS 67205
1106 W. 31st Street South
Wichita, KS 67217
1701 Landon Street
Hutchinson, KS 67502
Businesses in Kansas face a variety of risks that can lead to financial losses. Some of these risks include:
To protect against these risks, businesses in Kansas are required to obtain Fidelity Bonds Insurance. This type of insurance provides coverage for financial losses due to employee negligence, customer disputes, product defects, and other unforeseen circumstances.
A Fidelity Bond will provide you with peace of mind knowing that your business is protected should any liability claims arise. With this protection in place, you can focus on running your business and growing it without worrying about potential financial losses.
The average cost of a fidelity bond that has a coverage of $100,000 is $280 per year or less than $25 per month. However, the exact cost of a fidelity bond will vary depending on several factors, including:
a) The type of business - The type of business will be taken into account when calculating the cost of a Fidelity Bond as it affects the level of risk. For example, businesses that work with large amounts of money or confidential information will require higher levels of coverage and therefore incur higher costs.
b) Claims history - If your business has had any previous claims against it, this can increase the cost of Fidelity Bonds as you are considered to be more at risk for future claims.
c) Number of employees - Larger companies with more employees will require higher levels of coverage and will therefore cost more.
d) Deductibles - The deductible is the amount you must pay before the insurance company covers any additional costs. The higher your deductible, the lower your Fidelity Bonds cost.
e) Industry - The industry in which your business operates can also influence the cost of Fidelity Bonds. This is because different industries present different risk levels, so the coverage required will vary accordingly.
f) Amount of coverage - The amount of coverage that you choose to purchase will also affect the cost of Fidelity Bonds. Higher coverage amounts will cost more, while lower amounts will be cheaper.
It is important to compare different policies and rates to ensure you get a good deal on Fidelity Bonds in Kansas. You can do this by speaking with an experienced independent insurance provider such as WINN Insurance Group. They can help you compare rates and coverage levels to find the best Fidelity Bonds for your business.
WINN Insurance Group is one of the top independent insurance providers for Fidelity Bonds in Kansas. We understand that each business is unique and requires tailored coverage solutions to meet their specific needs. That’s why we pride ourselves on providing our clients with customized solutions, competitive rates, and superior customer service.
When you work with us, you can trust that your Fidelity Bond is an experienced independent insurance provider located in Kansas. We specialize in providing Fidelity Bonds and other types of coverage like auto, property, and liability insurance to businesses of all sizes across the state.
Our expert team of insurance professionals understands the unique risks businesses face in Kansas and can help you find a policy that provides the right coverage for your business at a competitive rate.
Contact us today for a free Fidelity Bonds quote for your business. We look forward to helping you find the right coverage solution that meets your needs and budget.
In Kansas, any business responsible for handling or maintaining financial records should consider purchasing Fidelity Bonds. This type of insurance protects employers from losses due to employee dishonesty or fraud.
With the right coverage, these businesses can protect themselves from any losses due to employee dishonesty or fraud.
In Kansas, there are several types of fidelity bonds and bonds available. These bonds provide coverage for different types of risks and are designed to protect against losses resulting from dishonest or fraudulent acts committed by employees or individuals entrusted with certain responsibilities. Common types of fidelity bonds in Kansas include;
In order to determine your fidelity bonds coverage needs in the state of Kansas, there are several steps you need to take.
Taking these steps will help keep your business protected from potential losses.
Kansas business owners can get discounts on their Fidelity policy by taking certain steps to reduce the risk of losses. Some of these discounts include:
By taking advantage of these discounts, business owners in Kansas can save money on their Fidelity Bond coverage and ensure that their company is protected from any potential losses due to employee dishonesty or fraud.
Whether you have questions about Fidelity Bonds in Kansas or want to learn more about how to qualify for discounts, the experienced team at WINN Insurance Group is here to help. We are a full-service independent insurance agency dedicated to providing our clients with superior customer service and comprehensive coverage tailored to their specific needs.
Contact us today for a free consultation and discover how we can help you protect your business from any losses due to employee dishonesty or fraud.
5838 W. 21st Street
Wichita, KS 67205
1106 W. 31st Street South
Wichita, KS 67217
1701 Landon Street
Hutchinson, KS 67502