A fidelity bond covers a job seeker who is regarded as risky because of a few considerations in the personal data and who has been disapproved by the commercial bond firm.Fidelity bond provides full insurance policy coverage and has no deductible; the business owners are completely shielded from financial losses caused by the worker knavery.
What isn't covered by a fidelity bond?
The Fidelity Bond Program doesn't cover these:
- Financial obligation caused by inferior workmanship, job wounds, or work accident
- Court bonds or bBail bonds for a legal system
- Performance bonds, contract bonds, or license bond for the freelancers
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