Fidelity & Surety

Representation of Fidelity and Fiduciary Carriers and Businesses

The attorneys at Montgomery Barnett, LLP have represented fidelity and fiduciary insurance carriers in complex coverage matters, including bank fraud, embezzlement claims, fraudulent documentation issues, employee fraud and third party claims. Montgomery Barnett investigates the underlying transactions, reviews the coverage language and provides its clients with quality representation. Our attorneys are experienced in the handling of payment and performance bond claims, private work claims and public work claims. The firm's team works closely with clients in order to ensure that they are well informed about their options.

Lawyers Helping to Protect Business Interests

Many business law issues can arise that can impact a company financially. Whether due to employee misconduct, theft, or failure on the part of another entity to complete a job, you may find your business in a difficult position financially. Two kinds of insurance bonds can be used to protect your company and yourself from significant losses in these kinds of situations.

The firm can assist you with the following types of insurance bonds:

  • Fidelity bond - This insurance bond is designed to protect a company from the misconduct of an employee. For example, if your employee steals from you, your company's insurance may not cover the loss, however a fidelity bond can ensure that your losses are recovered. These bonds can be created as a general umbrella for all employees or for a specific individual employee.
  • Surety bond - This type of bond protects a company from losses suffered due to the incompletion of a job. For example, if you (the obligee) hire a construction company (the principal) to complete a project on a building, and the principal does not follow through, then the surety bond will require a third party (the surety) to pay the difference so that the project may be completed by another company.

The continued operation of your business is of the utmost importance, and you need to be sure that you can protect your company from suffering severe losses in circumstances involving third parties, contractors, and employees. You may greatly benefit from obtaining either of these bonds depending on your situation, type of business, and industry.

Attorneys

Montgomery Barnett, L.L.P. - Lawyer
Located at: 3300 Energy Centre, 1100 Poydras Street New Orleans, LA 70163

In Baton Rouge - One American Place 301 Main Street, Suite 1170 Baton Rouge, Louisiana 70825
(504) 585-3200
The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.

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