A fidelity bond indemnifies the employer for loss of money or other property sustained through dishonest acts of bonded personnel. The scope of acts insured against includes larceny, theft, embezzlement, forgery, misappropriation, wrongful abstraction, willful misapplication or other fraudulent or dishonest acts committed by the employee, whether acting alone or in collusion with others.
An investment advisor fidelity bond (aka Form 14 Fidelity Bond) offers a variety of different bond coverage depending upon the insuring agreements that you choose.
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