Protection
Insurance and bonding that back up a deal.
FairBank Escrow maintains several forms of insurance and bonding, kept in place specifically to protect the funds and information you entrust to us. This coverage sits alongside the manual review process described on the Security page; it is a separate, financial layer of protection for the times when something goes wrong despite that process. Here is each form of coverage, what it is, and what it means for you.
Coverage current as of July 7, 2026.
Surety bond
Five hundred thousand dollarsA surety bond is a requirement of money transmitter licensing. It is a guarantee, backed by a third party surety company, that a set amount of money is available if FairBank Escrow fails to meet its obligations.
What this means for you: if FairBank Escrow does not do what it is supposed to with funds it holds, a claim can be made against the bond, and the surety pays out up to the bond amount. It is a backstop that exists whether or not FairBank Escrow can cover the shortfall from its own accounts.
Crime insurance
One million dollarsCrime insurance covers losses caused by internal theft or other dishonest acts by the people who handle funds. Because a person moves the money by hand at FairBank Escrow, this coverage is aimed squarely at that risk.
What this means for you: if a staff member steals or misappropriates funds you have in escrow, this policy covers the loss. It protects you against misconduct from inside FairBank Escrow, not only against outside attackers.
Cyber liability insurance
Three hundred thousand dollarsCyber liability insurance covers the costs that follow a data breach. That includes investigating what happened, notifying the people affected, and supporting them afterward.
What this means for you: if the information you submit is ever compromised in a breach, this coverage pays for you to be told promptly and helped, for example with steps to protect yourself, rather than leaving you to find out and cope on your own.
Errors and omissions insurance
Fifty thousand dollarsErrors and omissions insurance, sometimes called professional liability, covers losses that come from a genuine mistake in how a deal was handled or reviewed. It is not limited to intentional wrongdoing.
What this means for you: if someone at FairBank Escrow makes an honest error, for example recording or releasing a deal incorrectly, and that mistake costs you, this coverage responds. It recognizes that careful people can still get something wrong.
Coverage supplements the process, it does not replace it
This insurance and bonding supplements the way FairBank Escrow already works; it does not replace it. The manual reviewer process and the dual confirmation between both parties remain the first line of protection on every deal. The coverage above is there for the cases those steps do not catch. Coverage details are current as of the date shown on this page and are subject to change. For how the operational safeguards work day to day, see the Security page.