Fidelity bond
A fidelity bond is a form of insurance 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.
While called bonds, these obligations to protect an employer from employee-dishonesty losses are really insurance policies.[1] These 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.
Contents |
By country [edit]
Australia [edit]
In Australia, this type of employer protection is called employee dishonesty insurance coverage.[2]
United Kingdom [edit]
In the United Kingdom, this type of employee dishonesty insurance is called fidelity guarantee insurance coverage.[3]
References [edit]
- ^ "Fidelity Bond". Bryant Surety Bonds. Retrieved 2009-04-01.
- ^ "Employee Dishonesty Insurance". Allianz. Retrieved 2010-02-06.
- ^ "Fidelity Guarantee Insurance". Insurance Now. Retrieved 2010-02-06.[dead link]
|
|||||||||||||||||||||||||||||||
