Fedelity Bond Coverage

Merrily Hardisty on

Our model club recently received an email from Clifford Trent, Director of Operations with BetterInvesting. The subject was Fidelity Bond Coverage. Fidelity Bond Insurance covers theft of club funds by a BetterInvesting dues-paying club member in the BetterInvesting dues-paying club. Both the club and the club members must be dues-payment members of BetterInvesting at the time of the theft.
Before I add this topic to our club's Administration Meeting agenda, I would like to inquire if other clubs have purchased this coverage.
Thank you for you input.

Laurie Frederiksen on

If you type "Fidelity Bond" into the search box in the top right of a bivio page, you will bring up past discussions on this topic.

You might find some useful insights there.

Laurie Frederiksen
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On Wed, Nov 10, 2021 at 12:47 PM Merrily Hardisty via bivio.com <user*37421000001@bivio.com> wrote:

Our model club recently received an email from Clifford Trent, Director of Operations with BetterInvesting. The subject was Fidelity Bond Coverage. Fidelity Bond Insurance covers theft of club funds by a BetterInvesting dues-paying club member in the BetterInvesting dues-paying club. Both the club and the club members must be dues-payment members of BetterInvesting at the time of the theft.
Before I add this topic to our club's Administration Meeting agenda, I would like to inquire if other clubs have purchased this coverage.
Thank you for you input.

byrdshot on

I presented this to our club on Saturday and they indicated they weren't interested. Ours is a model club so many members are long time club members. One said that none of the clubs he was a part of ever bought the coverage. It was also mentioned that an annual audit, which we do regularly, is a way to keep tabs on what's happening. Members tend to be aware of what is happening with their collective investments.

Kim Potter

BI Brighton Model investment Club

Michigan

Sent via the Samsung Galaxy S10, an AT&T 5G Evolution capable smartphone

-------- Original message --------

From: Laurie Frederiksen <laurie@bivio.biz>

Date: 11/10/21 1:52 PM (GMT-05:00)

To: The Club Cafe <club_cafe@bivio.com>

Subject: Re: [club_cafe] Fedelity Bond Coverage

If you type "Fidelity Bond" into the search box in the top right of a bivio page, you will bring up past discussions on this topic.

You might find some useful insights there.

On Wed, Nov 10, 2021 at 12:47 PM Merrily Hardisty via bivio.com <user*37421000001@bivio.com> wrote:

Our model club recently received an email from Clifford Trent, Director of Operations with BetterInvesting. The subject was Fidelity Bond Coverage. Fidelity Bond Insurance covers theft of club funds by a BetterInvesting dues-paying club member in the BetterInvesting dues-paying club. Both the club and the club members must be dues-payment members of BetterInvesting at the time of the theft.
Before I add this topic to our club's Administration Meeting agenda, I would like to inquire if other clubs have purchased this coverage.
Thank you for you input.

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