Answered: Fidelity bond does not cover

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter9: Long-term Liabilities

Section: Chapter Questions

Problem 7DQ: How does a secured bond differ from an unsecured bond?

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Fidelity bond does not cover

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Fidelity bonds are a form of insurance policy that offers protection against losses due from dishonest or fraudulent activities undertaken by workers and they are sometimes referred to as fidelity insurance or employee dishonesty coverage. Typically, companies buy these bonds to protect their finances in the event that an employee commits theft, embezzlement, or other fraud.

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