We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Defining Fidelity Bond Coverage

Law360 (January 16, 2009, 12:00 AM EST) -- Businesses today rely on insurance coverage as a way to manage risk and guarantee their ability to survive sometimes catastrophic loss.

A common component of this coverage is the fidelity bond — a specialized form of insurance designed to protect against loss from crime.

Fidelity bonds can be further specialized by industry, such as with the Standard Form 24 Financial Institution Bond that combines various types of coverage to protect banks and other financial institutions.

The typical fidelity bond consists of insuring agreements that define the...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.