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⍰ ASK What is fidelity insurance and in what situations is it necessary for companies?

Fidelity insurance, also called crime insurance or employee dishonesty coverage, is there to help companies if their employees do dishonest things. This type of insurance covers different forms of employee theft, fraud, or other dishonest actions that could cause the company to lose money.

It important for company that might face a risk of employees stealing or doing fraudulent stuff. This risk exists in all kind of businesses and can show up in different ways, like taking money, forging documents, or stealing company property..

Companies that deal with a lot of money, handle sensitive information, or give employees access to valuable things are more likely to get fidelity insurance. This insurance helps them recover money if employees do something dishonest, protecting the company's operations and finances.
 

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