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What is a fidelity bond?


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Answered 2006-12-06 00:24:18

A contract which indemnifies an employer for losses caused by dishonest or fraudulent acts of employees.

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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.


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.


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.


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.


How much do you need to day trade?

Most prop firms require a 25k fidelity bond.


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?

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 or control as a result of employment, then this obligation shall be void, otherwise it shall remain in full force and effect.This bond shall remain in force until terminated or canceled on ___ days written notice by SURETY by OBLIGEE.Dated: ______________________________________________________________________________________________, PRINCIPAL_________________________________________________________________, SURETYFidelity BondReview ListThis review list is provided to inform you about this document in question and assist you in its preparation. A Fidelity Bond is a straightforward instrument for bonding purposes.1. Make multiple copies. Give one to each signer.


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.


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.


How can one invest in municipal bond funds?

There are a lot of ways in order for one to invest in municipal bond fund. However, it is strongly suggested that one should check out the information on the website fidelity or bonds.


Where can I receive a high yield bond?

You can get a high yield bond online using the company fidelity. They have fabulous reviews and a good return. They allow you to chose the credit rating and risk tolerance that you feel comfortable with.


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


How do you use fidelity in a sentence?

He is very fidelity to his wife.


What is the oldest open end bond mutual fund?

I don't know. But since there are no answers yet, I'm going to mention that Fidelity Investment Grade Bond Fund, FBNDX, has an inception date of 9/30/1971.


When was Fidelity Investments founded?

Fidelity investments was formed in 1946


What is meaning of Fidelity?

Fidelity is the quality of being faithful or loyal.


When was Fidelity Investments created?

Fidelity Investments was created in 1946.


What is Fidelity Investments's population?

Fidelity Investments's population is 2,009.


Sentence for fidelity?

Here is a sentence for the word fidelity. Mary was worried about her husband's fidelity to her as she had heard him on the phone with another woman.


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.


Fidelity Investments vs. Fidelity National Financial?

Unrelated


What is an example of the word fidelity in a sentence?

She showed me good fidelity when she kept her promise.


What is the ticker symbol for the Fidelity Contrafund?

The ticker symbol for the Fidelity Contrafund is FCNTX.


How do you write a sentence using the word fidelity?

Marriage requires fidelity of its participants!