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  1. Numbers
    Numbers is offline Member
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    Oct 2007
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    What is the purpose?

    What is a fidelity bond and what is it's purpose?
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  2. Surety Queen
    Surety Queen is offline Surety Professional
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    Fidelity Bonds

    Quote Originally Posted by Numbers
    What is a fidelity bond and what is it's purpose?
    A fidelity bond is a form of protection that covers policyholders for losses that they incur as a result of fraudulent acts by specified individuals. It usually insures a business for losses caused by the dishonest acts of its employees.

    These bonds (actually insurance policies) protect from losses of company monies, securities, and other property from employees who have a manifest intent to cause the company loss. There are also many other forms of crime-insurance policies (burglary, fire, general theft, computer theft, disappearance, fraud, forgery, etc.) to protect company assets.
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