A fidelity bond is established when the employee pays the employer a fee to be covered while on the job.

Question

Quizplus · Accepted Answer

A fidelity bond is typically established when the employer pays a fee to a bonding company to cover their employees against losses due to employee theft, fraud or other dishonest acts. The bond is designed to protect the employer, not the employee, and the premium is typically paid by the employer, not the employee.

A Fidelity Bond Is Established When the Employee Pays the Employer