Fast Facts about Fidelity Bonds and Public Official Bonds

This is a follow up to the last blog post.

Although specific requirements vary depending on state or local statutes, public official bonds are typically required for most individuals who hold a public office, whether appointed or elected. Individuals whose positions require bonds include mayors, sheriffs, judges, court clerks, tax collectors, treasurers and town administrators or supervisors.

The bond requires the individual to reimburse the governmental entity that obliged them to be bonded and to pay a fixed amount if they do not faithfully or honestly perform their duties in the office. A variety of public entities require public official bonds. They can include governments (federal, state, county, municipal), courts, school districts and universities.

We are still researching this matter, to see how to be able to take advantage of this for The People. Insurance Journal is where the above info came from.