Fidelity Bonds
What is a Fidelity Bond?
Fidelity bonds indemnify employers against loss resulting from the dishonest acts of their employees. A few examples of places where fidelity bonds may be beneficial are churches (or other religious organizations), schools, municipal entities (towns, city, police), American Legion, Boy Scouts, accountants, lawyers, or doctors. Essentially any business where the owner must trust their employees with money should purchase a fidelity bond.
There are eight different agreements: employee dishonesty, forgery or alteration, inside the premises, outside the premises, computer fraud, money orders and counterfeit paper currency, loss of clients property (added via endorsement), and funds transfer fraud (added via endorsement.)
To get started with the application process, download the following PDF: