Do bonds cover employee dishonesty?

Fidelity bonds specifically cover losses from employee dishonesty; other bonds may not provide this coverage.

Fidelity bonds cover employee dishonesty, such as theft, embezzlement, or fraud. However, standard bonds may not provide this coverage unless specified.

A construction company applies for a performance bond and provides financial statements and contract details to the bonding company.

Plan for the bonding process in advance, especially for complex bonds that may require additional documentation.