This form of crime coverage reimburses a business for employee theft of money or other assets. A business might want to consider a fidelity bond if it deals in a large amount of cash, or has one or more employees, such as accountants, who deal directly with the business’ money or other assets.
Fidelity bonds may be included as part of a Business Owner Plan (BOP). Other insurers offer fidelity bonds separately. Several states, such as Michigan and Wisconsin, maintain programs where at-risk individuals can obtain fidelity bonds.