FIDELITY BONDS

FIDELITY BONDS

Fidelity bonds are required as a consequence of relationships such as contractual relationships between parties and employer/employee relationships.

They are guarantees tied into the trustworthiness and moral standing of the bonded persons or companies.

This kind of insurance guarantees that the insured client will be indemnified for any damage to their assets due to undue appropriation of funds by the bonded persons or companies..


Types of bonds:

Users:

Fidelity bonds are especially good for covering the possible infidelity of persons or entities that handle company assets or funds (employees, cashiers, agents, representatives, depositaries, administrators).