ALOA Bond Statement
The Associated Locksmiths of America, Inc. has established a fund which will pay a sum of money up to but not to exceed $10,000 to cover losses to customers of ALOA members arising from criminal convictions against members who participate in the bond program for any loss of property, articles, merchandise, or money incurred through the use of the member’s technical skill or knowledge for criminal purposes. For example, making and using a duplicate key for criminal purposes.
Payment is available if a participating member is found guilty of a crime causing a loss as described above by any court of law in the United States or Canada only. All claims will be based on court findings only.
Notwithstanding anything herein to the contrary, ALOA’s obligation with respect to losses arising from the action of a member is limited to a maximum of $15,000 each calendar year for each bonded member.
The Bond shall remain in force as long as the locksmith is a qualified member in good standing of the Associated Locksmiths of America, has complied with all requirements of the bond program, and until the maximum payment has been made.