Bonds

It is with mixed feelings I must inform you that effective 12/1/2019, Business Insurers of the Carolinas will no longer be offering the NAPPS Employee Dishonesty Bond through Travelers Insurance Company/Travelers Bond. We have worked with Travelers Bond Department for over 17 years, and they have offered consistently good service and pricing on the NAPPS Bond Program. However, due to a required filing change in all states, Travelers was looking at a 40% increase in premium to a large majority of NAPPS members who currently carry a Bond, which was unacceptable. Therefore we agreed to part ways, but fortunately we were able to find two companies to replace Travelers in offering PSI members quality bonding coverage.

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Anyone who has watched a news show or read news online lately is aware that we are in a world where we are all searching for the truth from media outlets. Sometimes errors are made by people who are in too much of a hurry to learn the facts before spewing what they believe to be true online in chatrooms, blogs, or elsewhere.

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