fidelity bond


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fidelity bond

n.
An insurance contract that indemnifies an employer for loss resulting from a fraudulent or dishonest act by an employee.
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Segal Select Insurance Services Inc, a fiduciary insurance and fidelity bond broker in the Taft-Hartley market, has announced that it has acquired a brokerage.
Losses incurred directly by your firm may be covered by another type of insurance, such as a fidelity bond designed to respond to dishonest acts committed by an employee.
TechInsurance recently introduced new carriers for fidelity bond insurance, expanding the coverage options available to technology professionals.
In the Q2 of 2010, BNC noticed that it had been defrauded, wherein the fraudulent activity was by an external company that was servicing residential loans on behalf of BNC and since 2010, the firm has been pursuing a claim under its fidelity bond with its insurers.
was entitled to coverage from a fidelity bond that it purchased from CUMIS.
In its effort to reduce this fraud, Medicare now requires all DME providers to purchase a fidelity bond for each store location in the amount of $50,000.
Tabbed dividers organize the contents: fiduciary duties of directors, liabilities of bank and thrift counsel, administrative enforcement, directors' and officers' insurance, fidelity bond claims, indemnity, and a table of cases.
Fidelity Bond and Errors & Omissions Policies To protect from corporate malfeasance, reputable QIs are fully bonded, with a large per-occurrence policy that provides bonding up to the amount identified for each client in the midst of a 1031 exchange.
In addition to E & O insurance, clients should inquire about the QI's fidelity bond coverage.
Is fidelity bond coverage applicable in this situation?
337 billion in premiums for fidelity bond coverage.
ERISA Fidelity Bond -- ERISA requires all individuals who handle plan assets/funds to be bonded to the lesser amount of 10 percent of the plan assets or $500,000.