Fidelity Insurance provides companies with protection against losses that may occur as a result of fraudulent acts perpetrated by individuals. Traditionally, Fidelity Insurance (also referred to as Crime Insurance) insures businesses for loss caused by the dishonest acts of its employees. More recently we have added coverage for computer systems fraud, as well as acts perpetrated by outside parties.
Our suite of Fidelity products includes bonds that provide coverage on a per loss basis. This means there is a renewable limit of liability in the event of a full limit loss during the same bond period. For regulated financial institutions, we provide a full suite of Financial Institution Bonds, which acknowledge and address specific regulatory requirements. Our expert claims handling includes leading adjusters whose knowledge and involvement help companies manage their fidelity losses, leading to a better chance of recovery and reducing the chance of future incidents.
Coverages Available
  • Comprehensive Dishonesty, Disappearance and Destruction Bond (3-D Bond)
  • Financial Institution Bond, Form 14
  • Financial Institution Bond, Form 14 – PRIME
  • Financial Institution Bond, Form 24
  • Financial Institution Bond, Form 25
  • Computer Crime Policy for Financial Institutions
    • Offered as a companion policy
  • Mail Policy
    • Offered as a companion policy
1. Experts estimate that 96% of all companies will experience some type of employee theft.

Every business, no matter the industry, product, or service, runs the risk of experiencing problems to some degree of employee theft. The different items that employees steal from their employers are virtually without limit. It is estimated that approximately 96 percent of all businesses experience some level of employee theft, without recognizing how much their company’s potential is being reduced as a result of these activities.

2. It takes approximately $20 in sales to recover from each dollar of theft.

Fraud is very difficult to identify at the management level. When examining the numbers, all that may be visible is an issue with declining profits, as well as sudden or unexplainable shortages of inventory. There may be rumours and some other signs, but otherwise, there is usually nothing concrete to see within the business.

3. Most employees discovered to be embezzling truly believed they were merely ‘borrowing the money.’

Many of those found guilty of embezzlement had every intention to pay the money back… or so they thought. The reality is that the combination of need and opportunity can make seemingly honest employees turn to criminal acts.

4. Computerized records have become a new breeding ground for fidelity claims.

With companies storing so much information in their databases, it shouldn’t be surprising that this information is being used by unscrupulous parties. Credit card fraud, identity theft, and other forms of theft can often be wide spread before the fidelity loss is discovered.

5. Trust is bad when it comes to fidelity protection.

Every employer would like to believe that their employees are honest, hard working, and loyal. The sad truth is, these losses take place with alarming regularity. Placing controls such as workflows and audits can help companies limit the opportunity for losses. Purchasing Fidelity Insurance can help shoulder the cost when they occur.