A "fidelity bond limit" is the actual dollar amount of insurance protection provided by the fidelity bond/insurance contract. E.g., a $100,000 fidelity bond will pay up to $100,000 in covered loss that exceeds the applicable deductible on the bond, if any. A "fidelity bond limit" is the actual dollar amount of insurance protection provided by the fidelity bond/insurance contract. E.g., a $100,000 fidelity bond will pay up to $100,000 in covered loss that exceeds the applicable deductible on the bond, if any.

Either the employer or the surety.

Fidelity Bond Insurance protects businesses against employee fraud. It also allows high risk employees to become employed by protecting the employer.

A fidelity bond is a specific type of surety bond issued to protect an employer from financial or property losses due to the dishonesty of employees. Often these bonds are issued when an employer hires 'high risk' employees.

It works exactly like a surety bond does.

A fidelity bond is a type of insurance that protects a company from losses due to employee dishonesty, while commercial crime insurance is broader and covers a wider range of criminal activities such as theft, fraud, and forgery committed by employees or third parties. Fidelity bonds generally only cover employee dishonesty, while commercial crime insurance can cover a variety of criminal acts that may occur in a business.