A fidelity bond is a(n):
A)employment contract for a specified period of time.
B)insurance policy that reimburses a company for any losses due to 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 protects a company from financial losses resulting from the fraudulent or dishonest acts of its employees. It provides coverage for crimes such as embezzlement, theft, and forgery.

A Fidelity Bond Is A(n)