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Fidelity Insurance Bond

Fidelity Insurance Bond is provided through one of its companies, State Farm Insurance. The company offers both surety bond and Fidelity bond policies. The types of surety bonds it offers are:
  • Public Official Bonds
  • Contract Performance Bonds
  • License and Permit Bonds
  • Probate & Other Court Bonds
  • Miscellaneous Surety Bonds
Its Fidelity bonds include schedule fidelity bond and blanket fidelity bond. Overall, the bond covers the company against employee dishonesty. The Fidelity Insurance Bond also provides forms for interested persons. As a whole the Fidelity Insurance Group made up of several companies offers insurance coverages for auto, condo, credit, boat, classic cars, homeowners, life, health and etc. the company also provide risk management services or retention.

Fidelity Insurance Bond Requirements

Fidelity Insurance Bond Requirements definition can be found in various state's laws. For example the Virginia Code reads any unit owners' association collecting assessments for common expenses shall obtain and maintain a blanket fidelity bond or employee dishonesty (vs crime) insurance policy insuring the unit owners' asociation against losses resulting from theft that is crime committed by the officers. It has also been stated that a fidelity bond is the same as crime insurance which provide first party coveragethat is coverage for the business owner.

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