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Fidelity Bond
(redirected from Fidelity Bonds)

    Also found in: Financial, Wikipedia 0.01 sec.

An insurance device in the form of a personal guaranty that protects against loss resulting from disreputable or disloyal employees or other individuals who possess positions of confidence.

A bank might, for example, insure itself against losses deliberately or negligently caused by their officers and staff through the execution of a fidelity bond. If such losses occur, the amount of the bond is forfeited to reimburse the losses.
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One common type of fidelity bonds is an ERISA bond.
Fidelity Bonds May Be Just What Your Company Needs by IPRWire Staff Writer / Business community
By statute, the Federal Deposit Insurance Company can require insured financial institutions to maintain fidelity bonds to insure against such losses, and the FDIC has chosen to mandate that requirement.
Fidelity bond foolishness by Clark, James P. / Regulation
Available for more than 20 years, the program provides general and professional liability coverage, workers' compensation, fidelity bonds, and employment practices liability.
Security insurance by Security Management
 
 
 
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