Did you know that through certain programs that the fidelity bond includes, can it also be covered: cyber frauds, industrial secrets and corporate credit cards?
The fidelity bond generates the necessary financial coverage to guarantee that the assets and assets of a company are not affected in case any of the employees commits an offense against them.
Its main objective is to protect the assets of companies against possible fraud or illegal behavior that could be committed by one or more employees and whose responsibility is duly proven. It guarantees the repair of the patrimonial damage generated, which provides the security that the assets of the company will be protected before crime like: robbery, fraud, abuse of trust and embezzlement.
For a company to hire a fidelity bond, it is necessary that there is a formal employment relationship with the person who is seeking to secure, that person can be either an employee or a seller, supplier, commission agent or any other service provider.
Benefits of having the support of a fidelity bond:
Timely detection of possible fraud or illicit behavior within the organization.
Important financial shielding in case any of the employees commit illicit acts.
Internal prevention system to make the knowledge of employees and suppliers that the company has this support.
Based on the provisions of articles 19 and 24 of the Federal Law of Bonding Institutions, in order to process a fidelity bond, it is necessary to present certain documentation, as well as complete some forms requested by the surety.
If you are a business owner and you are interested in protecting your assets, the fidelity bond is undoubtedly the instrument you are looking for, because it generates the financial coverage necessary to guarantee that the assets and assets of your business are not affected in case someone will attempt against you.