A fidelity bond is a(n):
A)employment contract for a specified period of time.
B)insurance policy that reimburses a company for employee theft.
C)contract prohibiting former employees from working for a competitor.
D)promise by a company to safeguard customers' personal information.

Question

Quizplus · Accepted Answer

A fidelity bond is an insurance policy that reimburses a company for losses due to employee theft, fraud, or dishonesty. It is designed to provide protection to the employer against the malicious actions of its employees.

A Fidelity Bond Is A(n)