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fidelity bond |
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Fidelity bond
fidelity bond A special insurance policy that covers losses caused by dishonest employees. Property management companies and others with employees who handle money belonging to clients should generally obtain fidelity bonds.Also called a surety bond. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Fidelity bonds reimburse the insured, an employer, for loss resulting from the dishonest acts of a covered employee. Finally, fidelity bonds for critical employees should be considered, especially if the employee handles large volumes of checks or cash. The letter asked for numerous forms and documents, including plan documents, summary plan descriptions, tax returns, annual reports, audited financial statements, board and committee minutes, fidelity bonds, service provider agreements and more. |
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