Fidelity Bond

[Bond Artist]

How do I know that I need a Fidelity Bond since they are not required like other Surety Bonds are? What would a fidelity bond protect me from as a business owner?

[marietta68]

Originally Posted by Bond Artist

How do I know that I need a Fidelity Bond since they are not required like other Surety Bonds are? What would a fidelity bond protect me from as a business owner?

Most business owners will opt for Crime insurance which expands the insurance for employee dishonesty by adding coverage for money and securities, on location and in transit, electronic transfers, among other available options. Generally, when people today refer to fidelity bonds, they're talking about employee dishonesty coverage which would protect you from employee theft as stipulated by the particular form. Because the broadened coverage is readily available on the crime insurance policies, it's what's most frequently used.