How does felony affect policy?

[Redbull]

I currently have an employee dishonesty bond with your company. We just hired a new employee, and it has been brought to our attention that he is a convicted felon. How does this affect our policy?

[Phillies]

Having a convicted felon on your payroll doesn't affect your employee dishonesty policy unless the person in question steals from you and is convicted. The terms of the policy include a clause excluding coverage for convicted felons. Consequently, there would be no coverage for your company to protect against theft by this individual.