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