Municipal Bond Program

SUMA administers a bonding program available to all municipal office employees. The bond insures your organization against loss of money, securities and other property from failure of an employee to faithfully discharge his/her duties or from fraudulent or dishonest acts committed by an employee.

The bond covers a three-year term.  The current bond term is from 2008 - 2011.

If you choose to join this program at any time after April 1, 2008, your premium will be pro-rated, and SUMA will invoice your municipality for the amount due.  Non-SUMA members will have a surcharge of $25 & GST added.

Each employee occupying a position to be bonded must complete an Employee’s Application for Fidelity Bond:
a) when they are hired; or
b) if there is a change of employee in a bonded position; or
c) if a new position is added to the existing bond.

If they have not already done so, have the employee complete a form and keep it for your files.  The information on this form is to aid your municipality in deciding whether the employee is bondable.  This form is not to be sent to SUMA or the insurance company; it is for your files only. 

Bonding Program Summary

• The minimum bond limit available is $15,000 and the same dollar limit applies to all bonded positions
• The job position is bonded, not a particular person.  Therefore, there is automatic coverage for replacement employees and no new forms must be sent to SUMA for them.  We do need written notification of the name and date of hire for a change in the Clerk/Administrator position for any future mailings
• Total premium is calculated on the number of positions bonded

If you require more information, please contact Group Benefits Manager, Shauna Brown at 306-525-4393 or sbrown@suma.org  Please be sure to include your full name and the name of your municipality.