A fidelity bond is a type of insurance that offers a business protection against losses caused by employees who commit fraud, theft, and forgery.

The Definition of Bonded in Employment. ... Unlike other fidelity bonds, these bonds are free of charge and provide $5,000 worth of coverage for six months. After this period, ...

The definition specifically states that "financial benefit" does not include things such as salary, fees, commissions, bonuses, etc. Fidelity Bond coverage may protect against claims alleging loss ...