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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 $10,000 per incident/per-employee,
with C N A Insurance Company. 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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