Guide to Fidelity
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Guide to Fidelity CrimeSHIELD® is The Hartford's all-in-one policy that addresses the following: Commercial Crime: Coverage for a wide array of commercial risks including those in general business services, manufacturing, personal services, printing, wholesaling and distributing, along with many more. Governmental Crime: For towns, cities, counties and school districts, public utility authorities or districts. Focus is on risks with less than 2,000 total employees with preference for those risks with less than 1,000 total employees; Faithful performance generally limited to $1,000,000 CrimeSHIELD® PROVIDES COVERAGE FOR: —Employee Theft —Depositors Forgery or Alteration —Theft, Disappearance and Destruction of Money, Securities and Other Property (Inside and Outside) —Computer and Funds Transfer Fraud —Money Orders and Counterfeit Currency ($50,000 limit with $0 deductible with no additional premium charge) CrimeSHIELD® ALSO: —Expands the definition of "employee" to include Partners/Members of limited liability companies, non-compensated officers, committee members and volunteers. —Provides coverage for merged/acquired entities with revenues or assets of less than 15 percent of the acquiring entity at no additional charge. —Automatically covers ERISA plans —Expands employee theft to include coverage for money, securities or other property that you hold on your premises for a client. —Allows Inventory Records to be used to support the amount of a covered loss. OPTIONAL COVERAGE ENHANCEMENTS INCLUDE: —Third Party Coverage (off premises) - Broadens the Employee Theft insuring agreement to include coverage for client property while performing services on the client's premises, often times without a conviction clause. —Credit, Debit or Charge Card Forgery- Provides forgery coverage for credit, debit, or charge cards issued for business purposes. CrimeSHIELD® UNDERWRITING CONSIDERATIONS For limits of $250,000 or greater, the following business classes require additional questions to be answered along with the application. Select the title to link to the questionnaire. Attorneys Casinos Houses of Worship Construction Entities Hospitals Guide to Fidelity (continued) Motor Vehicle Dealers Nursing Homes Real Estate Management Stadiums, Arenas, Race Tracks Third-Party Administrators Trucking Warehouse & Inventory Control ERISA Fidelity Bond Helps keep your clients in compliance ERISA requires that for each ERISA plan: "The amount of such bond shall be fixed at the beginning of each fiscal year of the plan. Such amount shall not be less than 10 per cent of the amount of funds handled. In no case shall such bond be less than $1,000 nor more than $1,000,000." For plans holding "non-qualified assets" other limit requirements may apply. For added protection that guarantees that a plan always has adequate insurance, The Hartford offers: ERISASHIELDsm It automatically covers increases in plan assets for the required amount necessary under ERISA law. With the ERISASHIELDsm Endorsement, there is no need to actually increase the limit of insurance on the policy. As the plan assets grow, the limit is automatically increased to 10% of the plan assets up to a maximum of $1,000,000.