R.D. Kothmann Bond Insurance

Fidelity bonds are forms of insurance that covers policy holders for losses that were results of fraud. If your business is about to embark on a new Texas venture, it’s always important to have a fidelity bond in case the new venture was fraudulent.

Fidelity bonds also insure businesses for losses due to dishonest acts of employees. In the unfortunate event your employee steps outside your company values, you’ll have the peace of mind that any losses incurred on their behalf are covered by your fidelity bond.

If you’re active in Texas politics, you may already be familiar with public official bonds. Public official bonds allow public officials to show they can be trusted for their services. It protects taxpayers in the event of fraudulent services by a public official. There are different public official bonds for different job types such as court clerk, notaries, and law enforcement.

If you’re ever involved in a lawsuit, you may need a judicial bond. Judicial bonds are court ordered bonds to ensure you can pay costs related to legal action. There are judicial bonds for both plaintiffs and defendants.

A fiduciary bond (also known as a probate bond) is a court bond that holds the fiduciary accountable. If a fiduciary commits fraud, embezzlement, or any other dishonest acts, the fiduciary bond holds the fiduciary liable.