Conduct bond covers all dishonest acts by employers, such as larceny, theft, embezzlement, forgery, misappropriation, wrongful abstraction, or willful misapplication. Fraud and embezzlement on the rise, a fidelity bond may be the key to safeguarding against clients that hire him.
Conduct bonds also known as Fidelity Bonds. Fidelity Bond is the same as Crime Insurance which provide first party coverage or in other words, coverage for the business owner. Most dishonesty bonds rates start from $100 and up
These bonds cover the company against loss caused due to employee dishonesty. These fraudulent activities can include, but are not limited to, employee theft of money, securities, or other property of the employer.
What does dishonesty bond cover?
An employee dishonesty bond is a type of insurance coverage that protects businesses from losses caused by employee dishonesty, theft, and fraud. It covers the theft of a company’s own money, securities, and property.
Is a fidelity bond and dishonesty bond the same?
A Fidelity Bond is an insurance policy that protects companies against financial loss due to employee fraud and theft. Fidelity Bonds are also called Employee Dishonesty Bonds or Business Service Bonds, though these are technically different types of Fidelity Bonds
Most Fidelity Dishonesty Bonds are Issued on the Same Day.