Fidelity bonds are a type of surety bond that insures against employee theft. Also know as employee dishonesty bond or crime isurance, this type of bond protects an employer against the dishonesty of it\'s employees. Regardless of the type of business, a fidelity bond is essential insurance for companies with multiple employees.
There are a vast array of ways that an employee can harm an employer through criminal activity. It is estimated that over $100 billion is lost each year in the U.S. just from employee theft alone. In fact, the National Retail Federation studied employee theft and discovered that there is as much money lost through employee theft as there is through shoplifting.