The biggest risks sometimes carry a company badge.
Protecting the business from the inside
Employee dishonesty coverage — the core of a traditional fidelity bond — protects your business from loss caused by theft or fraud committed by your own employees. It covers the risk that comes from the inside, which standard property and liability policies do not.
Fidelity bond vs. commercial crime policy
Historically, a fidelity bond covered employee dishonesty only. Today most carriers issue the broader commercial crime policy, built from a menu of separate insuring agreements with employee theft as the first, plus optional coverage for forgery or alteration, on-premises and in-transit theft of money and securities, robbery and burglary, computer fraud, funds-transfer fraud, and counterfeit currency. The fidelity bond is the employee-dishonesty piece; the crime policy is that piece plus outside/third-party crime.
Frequently Asked Questions
What does an employee dishonesty bond cover?
Loss to your business from theft or fraud committed by your own employees — the risk that comes from the inside, which standard property and liability coverage doesn’t address.
Should I get a fidelity bond or a commercial crime policy?
A fidelity bond covers the employee-dishonesty piece; a commercial crime policy covers that plus outside crime (forgery, computer and funds-transfer fraud, robbery, and more). Most businesses today use the broader crime policy. We’ll help you decide what fits.
How do I get a employee dishonesty bond through Cory Washington & Co.?
Request a quote or contact our team. We confirm your exact requirement, market your bond across multiple surety companies that compete for it, and handle the filing. Cory Washington & Co. LLC is licensed in all 50 states.
All surety bond descriptions on this website are provided by Cory Washington & Co. LLC strictly for general informational purposes. They are not intended to be, and should not be relied upon as, legal, financial, or bonding advice. Surety bonds are not insurance. Bond requirements — including amounts, obligees, and bond forms — are set by government authorities and other obligees and change over time; the information presented is general in nature and does not guarantee the availability, terms, conditions, or amount of any bond. Actual bond terms are governed by the bond form issued by the surety and the requirements of the obligee, and any bond remains subject to underwriting approval. Nothing on this website creates or implies an agent-client relationship, binds a surety, or issues a bond. Cory Washington & Co. LLC expressly disclaims any liability for actions taken, or not taken, based on the content provided here. For advice regarding your particular situation, please confirm current requirements with the relevant authority and consult directly with a licensed professional at Cory Washington & Co. LLC.