What is a Fidelity Bond?
A fidelity bond, or employee dishonesty, is not insurance but it protects your business against specific losses that may occur from the dishonest acts of employees. The fidelity coverage guarantees that the insurance company will pay the insured business for money or other property lost because of dishonest acts of its employees, either named or by positions.
Why consider a fidelity bond?
We think every business needs a fidelity bond. The costs are very competitive and can be included within your business insurance program. A business owner purchases such a bond to protect himself or his business against fraudulent activities by an employee.
Things to consider when purchasing a fidelity bond
We can help you better understand your risks and help you manage the short application process. Call us today.