What are fidelity bond limits?
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. ...
Asked in Insurance
What is the difference between a fidelity bond and commercial crime insurance?
A fidelity bond insures banks for losses involving crime, employee dishonesty, etc. Commercial crime coverage insures businesses for losses due to crimes. A fidelity bond is specific to banks, which typically are required to have such bonds. A loss due a bad loan would not be covered under a fidelity bond, but a loss due to loan supported by fraudulent documents might be covered under the bond. ...
Asked in The Difference Between
What is the difference between a surety bond and fidelity bond?
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. ...
Asked in Insurance
How does a fidelity bond protect an insurance policyholder?
Fidelity Bond Insurance protects businesses against employee fraud. It also allows high risk employees to become employed by protecting the employer. ...
What does a fidelity bond cost appx?
A fidelity bond is similar to insurance and should cost about 0.2% - 0.5% of the amount. Two big factors in detemining the cost are 1. the number of employees and 2. the size of the deductible you are willing to take. For more information, go to www.alphasurety.com. ...
Fidelity Bond (Download) We, ____________________, as PRINCIPAL, and ___________________________, a surety company authorized to issue these bonds, as SURETY, are held and bound to __________________________ in the sum of $ ______ (____________ & _______/100 dollars) and the legal successors of __________________________, for which we bind ourselves and our legal successors. The condition of this bond is that PRINCIPAL is employed by __________________________ as _______________________________ and is required to be bonded. If PRINCIPAL shall account for all money and property and other items of value coming into PRINCIPALs possession...
Asked in Chemical Bonding
Is a fidelity bond the same as a fiduciary bond?
Not exactly. There IS a commonality, and that is the protection from fraud, embezzlement, and general dishonest conduct. The most significant difference is that "fidelity" bonding is ONLY a dishonesty protection where fiduciary bonds provide much broader coverage to include a principal's due diligence and competence when handling third party funds. ...
What is a bonded employee?
This usually means the employee has obtain a fidelity bond - usually a guarantee against dishonesty losses such as embezzlement. One caveat though... most fidelity bonds have an arrest and conviction clause in the fine print. If you are an employee, I'd recommend you consider Crime insurance as a better, althought costlier, alternative to fidelity bonding. ...
Asked in Investing and Financial Markets
Is Fidelity International a subsidiary of Fidelity Investments?
Yes, Fidelity International is an affiliate of Fidelity Investments. Fidelity International was established in 1969 to provide asset management services on an international level. ...
Asked in Bonds and Treasuries
Where can i redeem a GMAC 30 year bond that matures in June of 2015?
Go see a stockbroker or visit an office of Charles Schwab or Fidelity
Is Fidelity National Information Services part of Fidelity Investments?
No. Fidelity National Information Services is NOT part of Fidelity Investments. There's a brokerage firm known as Fidelity Investments, and their transactions are done through "National Information Services LLc". There's another company named: Fidelity National Information Services. ...