The MCIT employee dishonesty and faithful performance of duty coverage responds to a member’s loss or damage to money, securities, and property other than money and securities caused by an employee’s dishonesty or failure to perform duties as prescribed by law.
Minnesota Statutes require elected and appointed officials to meet requirements for fidelity bonding. Bonds are typically issued to the incumbent in the position and paid by the county/organization.
The MCIT employee dishonesty and faithful performance of duty coverage is provided to all member employees and elected and appointed officials under Article Four of the MCIT Coverage Document. The coverage meets the requirements of Minnesota law and is provided in lieu of an individual bond for each elected official. MCIT members have a base coverage limit but can purchase higher, or excess, limits through MCIT on a blanket basis or for specific positions as they deem necessary.
The video is 4 minutes or less and provides details about the employee dishonesty and faithful performance of duty coverage provided through MCIT.
The Coverage Summary booklet summarizes all lines of coverage provided through MCIT, including the employee dishonesty and faithful performance of duty coverage.
Coverage Summary for Agricultural Societies (County Fairs)
The Coverage Summary Guide for Agricultural Societies specifically focuses just on the lines coverage most pertinent to the operations of a county fair. It includes a summary of the employee dishonesty and faithful performance of duty coverage.
Members can contact their assigned risk management consultant to discuss coverage questions or concerns.
Report a Claim
Submit all bond claims to MCIT through the member portal (access through orange button at top or bottom of page).