Bonding insurance, also called fidelity insurance, protects employers against employee theft, embezzlement or fraud. It acts as a measure of insurance that a professional will not defraud customers and guarantees payment when conditions in a contract are not fulfilled. This form of protection for customers also makes businesses appear more reliable and trustworthy. Understanding bonding insurance is essential for both employers and professionals in various industries. Key Takeaways: Bonding insurance, also known as fidelity insurance, provides protection against employee theft, embezzlement, or fraud. It ensures that professionals will fulfill their contractual obligations and guarantees payment to customers. Bonding insurance makes
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