A Fidelity bond is an insurance policy that covers you against theft by your employees. That refers to stealing from you or your clients. This insurance policy is also called employee dishonesty insurance.
If there is a need or requirement for a fidelity bond, then it is calculated that the coverage must be 10% of the total value of assets or stakes. The minimum coverage that can be purchased for a fidelity bond is $1000 up to $5M.
Toby Hansen
Agency Inc.
425 South Orange Street
Missoula MT 59801