Risk Management Bonds

Owning a business comes with risk. This is why it’s critical for businesses to take all the necessary steps to protect assets and operations. Surety bonds empower business owners by providing the necessary protection for their business, their employees, and customers. While we do work with all bonds, Funderburk Insurance Agency primarily deals with Auto Dealer Bonds and Dishonesty Bonds.

Auto Dealer Bonds

Auto Dealer Bonds are mandated for motor vehicle dealers to legally operate in the United States. They’re also known as Motor Vehicle Dealer Bonds or Car Dealer Bonds. Each individual state has its own set of requirements in order for dealers to maintain their licensing. Auto Dealer Bonds cover a range of risks including negligence, fraud, or unethical practices. This bond can only be issued by a licensed surety company and usually requires annual payment to ensure continued coverage. The purpose of an Auto Dealer bond is to assure the dealer will follow all state enacted rules and regulations. If they do not, the surety company intervenes in order to protect the third party, generally the dealer’s customers. 


The team at Funderburk Insurance Agency is extensively experienced in the requirements for auto dealers in the state of South Carolina. Call Funderburk today to get started and get your Auto Dealer Bond fast. Low prices coupled with outstanding customer service means you’ll have a no-hassle experience. Apply for a free quote today! 

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Dishonesty Bonds

If your business hires employees, the hope is that they’ll always maintain a high level of integrity and honesty. While the intent is to hire employees that you can trust, there is a possibility the unfortunate could happen. A Dishonesty Bond (also called a Crime Bond) is a surety bond bought to guarantee the replacement of property, securities, or money lost due to dishonest actions by employees. These actions can include fraud, theft, or any actions leading to loss. 


It's important to understand that a standard surety bond will not protect assets from dishonest acts committed by employees. As an officer of a company or a business owner with employees, the reality is your businesses assets are at risk. It’s simply a reality of business management.


Call Funderburk Insurance Agency to discuss your business’s current situation and the need for a Dishonesty Bond. We’ll work to get the most optimal terms at competitive rates. Call 843-378-4251 today. 


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