fidelity insurance

Definition of "fidelity insurance"
  1. A type of coverage that protects against financial loss due to dishonest acts or failure to perform duties by an employee of the policyholder
How to use "fidelity insurance" in a sentence
  1. The company purchased fidelity insurance to ensure their losses would be covered should an employee act dishonestly.
  2. Because of her history with unreliable employees, the business owner decided to take out a fidelity insurance policy.
  3. Understanding the potential risks in the financial industry, the bank maintains an extensive fidelity insurance policy.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z