Escrow Security Bonds
Independent agencies will benefit greatly from obtaining ESB through the program set up by Stewart Insurance and Risk Management.
- $500,000 coverage for employee dishonesty and fraud – Provides better coverage for independent agency’s net worth
- Covers funds not yet in possession of the Insured – This bond covers losses even if funds are diverted before ever reaching the independent agency accounts
- Covers premiums paid for title policies by the Insured – In the event premiums for Stewart are stolen, this bond covers the independent agency so they don’t have to set aside more money for those premiums
- Provides coverage for theft – Employee Dishonesty expanded to include “Theft” which is an easier standard of proof to establish than Employee Dishonesty
- Preferred discounted pricing – Stewart provides the lowest cost option to meet the newly implemented ESB policy
- Issued within 24 hours – Streamlined online process allows for efficient information collection and quick policy delivery (e.g., it does not take long to fill out the application and be accepted – 5-10 minutes)
- Pay by installment plan – Unlike traditional bonds, this option allows you to pay over time versus paying the full balance upon enrollment
Please note, the above are general descriptions of coverage. Policy terms, conditions and exclusions may limit or take away some of the coverage mentioned above. To get started or for more information, please contact your ASM or Stewart Insurance and Risk Management at firstname.lastname@example.org or (866) 845-4676.