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Required Bonding

Island Group Administration is bonded/insured to protect clients in the event of fraud or theft. Island Group maintains insurance on each employee in the amount of $75,000 per incident/per-employee. Island Group Administration, Inc. would be accountable for the cost of employee fraud. This has never taken place in the history of our corporation, and the necessary E & O (Errors and Omissions Insurance) is kept in force in the event such an improbable incident might occur. If an error in claims payment is made, and charged to a clients account, Island Group will be responsible for the recovery of any overpayment.

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