Hanover Commercial Surety

Public Official Bonds

Public Official Bonds are mandated by law and may require the Public Official to faithfully
perform the duties of the office, which may include keeping track of all monies. The law or
statute defines exactly what the role of the Public Official is. Laws or statutes may hold the
Public Official responsible for the acts of their deputies or subordinates, which means the
official may also need Public Employee Dishonesty (Fidelity) coverage.
Public Officials have a high degree of responsibility for all phases of the management of their
office. They can be liable for the loss of public funds, whether or not the loss was caused by
their neglect. This liability can extend to losses caused by deputies and employees, robbery,
burglary and bank failure, unless the official has used depositories and made deposits in strict
compliance with the laws relating to public fund management.

Public Official Bond Categories

Who needs them?

Treasurers, Assistant Treasurers

and subordinates

Town, City or other Municipal Governments

Tax Collectors, Deputy Tax Collectors

and subordinates
Town Clerks or other Town Officials
Constables
Sheriffs or Deputies
Court Clerks and Officers of Courts

State Governmental Offices

City and State Courts
Community and State Colleges

Factors to consider when underwriting the

public official submission:
The nature of the duties which the Public
Official is required to perform
The qualifications and background of the
Public Official

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Why Hanover?
Writing Surety Bonds is a complex business that
requires specialized experience and expertise.
Here are just some of the reasons why The Hanover
is the right choice for your Surety Bond business.
Web quote and issuance toolBONDirect POS allows
you to quote and issue a variety of transactional Surety
Bond obligation (license and permit bonds, public
official bonds, court bonds, miscellaneous bonds)
and ERISA Fidelity Bonds in real time.
Responsive UnderwritersOur responsive
underwriting team fully understands the complexity
of Public Official Bonds and provides quick turnaround
of your underwriting submissions. They can help you
with all your transactions, whether easy or complex.
Theyll help you identify the right Surety Bond type
and limit to meet your clients need.

Broad ProductsThe Hanover offers a full range of

Surety Bond productscommercial surety, as well as
ERISA bonds, etc. Keep in mind that Surety Bonds
are one of the best ways to round out accounts and
drive sales growth.
Financial StrengthAn A rated carrier and in
business since 1852, The Hanover is a financially
robust company with an unquestionable ability to
pay claims. We are a recognized leader in the Surety
Bond and ERISA market.

Get on the Surety Bond Wagon!

With billions being spent annually, there are many lucrative
opportunities in the Surety Bond market. So we urge you to get
on the Surety Bond wagon today! For further information about
this great coverage, contact your local Hanover Commercial Surety
Underwriter.

Why The Hanover?

The Hanover is a leading property and casualty insurance company dedicated to achieving world-class performance.
Our commitment is to deliver the products, services, and technology offered by the best national companies with the
responsiveness, market focus, and local decision making of the best regional companies. This powerful combination
has been a proven success since our founding in 1852, and all insurance company subsidiaries are rated A (Excellent)
by A. M. Best Company.

The Hanover Insurance Company

440 Lincoln Street, Worcester, MA 01653

hanover.com

All products are underwritten by The Hanover Insurance Company or one of its insurance company subsidiaries or affiliates (The Hanover). Coverage may not be available in all
jurisdictions and is subject to the company underwriting guidelines and the issued policy. This material is provided for informational purposes only and does not provide any coverage.
For more information about The Hanover visit our website at www.hanover.com
2014 The Hanover Insurance Group, Inc. All Rights Reserved.
118-1033 (3/14)