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.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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We routinely advise, evaluate, negotiate and, if necessary, litigate insurance coverage disputes involving a wide range of claims and policies, including property insurance, business interruption coverage, third-party liability insurance for environmental, products, asbestos and other claims, as well as claims under Directors & Officers liability policies, claims under professional liability or Errors & Omissions insurance, employment practices liability claims, multimedia errors and omissions claims, cyber liability claims, and claims under fidelity bonds.
US-based Segal Select Insurance Services, Inc., a fiduciary insurance and fidelity bond broker in the Taft-Hartley market, has acquired broker of record rights to certain fiduciary liability policies and fidelity bonds previously brokered by David Walker Insurance Services in San Francisco, the company said.
The firm said that it has acquired Broker of Record rights to certain fiduciary liability policies and fidelity bonds previously brokered by David Walker Insurance Services (DWIS) in San Francisco.
3 September 2015 - US-based Segal Select Insurance Services, Inc., a fiduciary insurance and fidelity bond broker in the Taft-Hartley market, has acquired broker of record rights to certain fiduciary liability policies and fidelity bonds previously brokered by David Walker Insurance Services in San Francisco, the company said.
The State of Louisiana Department of Insurance has given regulatory approval to The Main Street America Group to write commercial surety and fidelity bonds in the state.
Fidelity bonds, also referred to as employee dishonesty coverage, cover theft of an employer's property by its own employees.
He also represents fidelity bond insurers on claims made on fidelity bonds and/or public officials bonds.
* Fidelity bonds: Your company is usually required by the grant or loan to have a bond.
Use Fidelity Bonds. Essentially insurance for employee thefts, fidelity bonds provide peace of mind and compensation should a theft occur.
ERISA fidelity bonds and fiduciary liability coverage for the fiduciaries of an ERISA plans are often confused.

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