Fidelity Bond

Fidelity Bond Coverage is a "blanket" coverage to indemnify State agencies against loss of money or other financial instruments through fraudulent or dishonest acts of employees (i.e., full-time, part-time, contractual, and elected) during the performance of their duties. Students under the direct jurisdiction and control of University (State) officials who are required by law to give individual bonds for faithful performance of their duties, against loss acts or defaults of subordinates are included. Claim must be filed with EHS and the State Treasurer’s Office no later than thirty (30) days from discovery of the disappearance and must lead to documented proof of loss identifying the specific employee(s) involved. A report must be filed with the University Police no later than the claim is filed with EHS. There is a $1,000  deductible that will be deducted from any claim certified for payment by the Claims Unit-Insurance Division of the State Treasurer’s Office.