What is Third Party Fidelity Bond?

[Blake]

What is third party fidelity? My client is an IT consultant. His contract requires that he carry third party fidelity since he will be on his clients premises. Why would they require third party fidelity? Thank you for your response.

Blake

[Fidelity Bond Information]

Originally Posted by Blake

What is third party fidelity? My client is an IT consultant. His contract requires that he carry third party fidelity since he will be on his clients premises. Why would they require third party fidelity? Thank you for your response.

Blake

Allow me to first explain first party fidelity. First party fidelity covers theft from within. It protects an employer if it's employees were to steal from their organization.

Third party fidelity will cover against theft of clients' property. The IT company is most likely providing consulting services or IT services on their clients' premises. The client is concerned with theft from the IT company employees. We are receiving an increase number of requests for third party fidelity. A good majority are from IT companies.

[surety]

Originally Posted by Fidelity Bond Information

Allow me to first explain first party fidelity. First party fidelity covers theft from within. It protects an employer if it's employees were to steal from their organization.

Third party fidelity will cover against theft of clients' property. The IT company is most likely providing consulting services or IT services on their clients' premises. The client is concerned with theft from the IT company employees. We are receiving an increase number of requests for third party fidelity. A good majority are from IT companies.

If your looking for the Third Party Fidelity Bond Application you can find it here Third Party Fidelity Bond Application

[surety]

As of today you can find the Third Party Fidelity Bond application and information for third party fidelity bonds on it's own page Third Party Fidelity Bond