Fidelity and Surety Insurance

Fidelity and surety insurance are types of coverage that protect against different kinds of financial losses. Fidelity insurance safeguards organizations from dishonest or fraudulent acts by employees, such as theft or embezzlement. Surety insurance, on the other hand, guarantees that a contractor or service provider will fulfill their contractual obligations; if they fail, the insurance pays the affected party. Both serve as risk management tools, providing financial security and confidence for businesses when dealing with employees, vendors, or contractors.