Topic
Fidelity bonds
Insurance terms
When you have vicarious liability for something, it means you could be held legally responsible for any resulting harm even though you didn't directly cause it. For example, a tech company could be held accountable for the actions of an employee.
Fidelity bonds
The cost of a fidelity bond primarily depends on the amount of coverage you choose. The type of sensitive information your company handles and how many employees can access that information also affect the cost.
Fidelity bonds
Fidelity bonds protect your company from financial loss if an employee commits fraud, theft, or forgery against a client or your business. They are often required by client contracts.
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