Bonds in Business Insurance
What is a fidelity bond?
A fidelity bond protects your business against losses caused by fraudulent acts of employees, such as theft or embezzlement.
Dig deeper
A fidelity bond protects businesses against losses caused by dishonest acts of employees, such as theft or fraud. It's commonly used in industries like finance and insurance.
Real World Example
A real estate firm obtains a fidelity bond to protect against employee embezzlement involving client funds.
Expert Considerations
If you anticipate claims against a bond, take proactive steps to resolve disputes and avoid financial losses.
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