Fidelity bond

A Fidelity bond is an insurance policy that protects a business from losses caused by dishonest or fraudulent acts by its employees, such as theft or embezzlement. It provides financial coverage if an employee maliciously or accidentally commits misconduct that results in monetary damage to the company. Essentially, it's a safeguard for businesses to mitigate the financial impact of internal employee dishonesty, helping maintain trust and stability within the organization.