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Mercer Consumer is largely known for offering the most comprehensive coverage available to most Broker-Dealers. In partnering with our carrier for more than 30 years, we are proud to offer the broadest and most innovative Fidelity Bond product to date, the Broker-Dealer GuardSM.

Highlights of the Broker-Dealer GuardSM Fidelity Bond*

  • Designed to meet all requirements for compliance with FINRA® Rule 4360
  • Unaggregated Limit; the limit of liability applies to each loss with no aggregate policy limit
  • Defense costs for covered losses are covered above and in addition to the Limit of Liability
  • Choice of two Loss Settlement Clauses: Fidelity Research Investigative Specialist Clause or Traditional Proof of Loss method inclusive of Claims Expense
  • Discounts available for two-year prepaid bonds (for limits up to $500,000).
  • Over Twenty Coverages are included under the standard BDG Fidelity Bond policy, such as:
    • A) Fidelity, (B) On Premises, (C) In Transit, (D) Forgery and Alteration, (E) Securities, (F) Counterfeit Currency
    • New! Computer Crime: seven separate coverages including telephone and email transfer fraud
    • New! Impersonation Fraud protection (a.k.a. social engineering)
    • ERISA coverage for in-house pension and profit-sharing plans when added by name as a joint insured; compliant with ERISA Act of 1974

* Coverage not available in Puerto Rico.

Eligibility Requirements for the Broker-Dealer GuardSM Fidelity Bond

  • Your firm is registered as a broker-dealer with FINRA® or is in the process of completing the registration process with FINRA® - OR - your firm is a Capital Acquisition Broker.
  • You have no claims paid under your Fidelity Bond in the past 3 years
  • Home office is domiciled in the US
  • The online BDG application may be used for limits <= $1 million*

If these eligibility requirements are met, you may APPLY ONLINE or download the applicable Broker-Dealer GuardSM Fidelity Bond pdf application from the "Select an application" menu located above, to the right. Be sure to select the proper application based on the Firm’s state of domicile.

*The online application is not available for firms domiciled in Massachusetts (MA) at this time.

Form 14 Broker-Dealer Fidelity Bond

  • Firms with paid claims in the past 3 years should apply by downloading the applicable Form 14 pdf application based on the Firm’s state of domicile.
  • Firms in Massachusetts (MA) wanting to apply for BDG limits of >$2 million should use the Countrywide Form 14 application.
  • Form 14 meets FINRA® requirements.

Based on the above Form 14 instructions, download the applicable Form 14 Fidelity Bond pdf application from the "Select an application" menu located above, to the right. Be sure to select the proper application based on the Firm’s state of domicile.


If you use a paper application (Broker-Dealer Guard or Form 14), please submit your completed application to us either via email at plsdsteam.service@mercer.com or via fax at 515-365-3005.

 

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Please review the Overview section for the Broker-Dealer GuardSM Fidelity Bond Eligibility Requirements



 

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FINRA® is a registered trademark of Financial Industry Regulatory Authority, Inc.

Mercer Consumer, a service of Mercer Health & Benefits Administration LLC* (Mercer Consumer), a third-party provider of insurance products, is the Program Administrator. FINRA does not endorse these products and firms are not obligated to use them. Their use does not ensure compliance with FINRA rules or other regulations or laws.

Mercer Consumer, a service of Mercer Health & Benefits Administration LLC
In CA d/b/a Mercer Health & Benefits Insurance Services LLC
AR Insurance License #100102691
CA Insurance License #0G39709

*Mercer Consumer is a registered trade name of Mercer Health & Benefits Administration LLC