There are many other bonds that businesses and individuals may benefit from, and NL Insurance & Accounting Services can help you sort through your options to discover what will offer you the most security. Some bond options you may consider include:

• Performance bonds: These bonds guarantee that specified work will be accomplished.
• Fiduciary bonds: Fiduciary bonds are often involved in court orders, ensuring that someone will execute their duties as they are supposed to.
• ERISA bonds: ERISA bonds secure ERISA plans so that the plan’s administrators will fulfill their fiduciary duty. It’s a more specific kind of a fiduciary bond.
• Conservator bonds: These bonds ensure conservators, who are appointed by the court, to deal with someone’s estate or financial dealings.
• Court bonds: This is an umbrella term for the various bonds used to secure people who are appointed by a court to carry out a duty, usually to handle someone’s finances.
• Fidelity bonds: Fidelity bonds offer protection against fraud or dishonest actions by an employee. A company can use fidelity bonds to minimize risks.