fidelity insurance
"Fidelity insurance" is crucial for businesses to protect against financial losses caused by dishonest acts of employees or third parties.
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Definition
C1Business Insurance
(technical)A type of coverage that protects companies from financial losses due to fraudulent or dishonest acts by employees or trusted third parties.
Example
- The company invested in fidelity insurance to safeguard against potential embezzlement by employees.
- Fidelity insurance helped cover the financial losses after a vendor committed fraud.
Similar
Terms that have similar or relatively close meanings to "fidelity insurance":