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January 30, 2026
Running a business requires trust — trust in your employees, your partners, and your financial systems. But even in the most reliable workplaces, internal fraud and theft can occur. A Fidelity Bond is one of the most effective ways to protect your company from these unexpected financial losses. At TriState Business Insurance, we help businesses across the region understand and secure the right fidelity coverage to safeguard their assets and reputation.
A Fidelity Bond, sometimes referred to as an Employee Dishonesty Bond, acts as a form of insurance that protects your business if an employee commits a dishonest act, such as theft, fraud, or embezzlement. While it’s often required for certain industries — especially those handling large sums of money or sensitive data — any business that manages finances, property, or client information can benefit from this important protection.
If an employee steals cash, property, or valuable assets belonging to your company or clients, the Fidelity Bond reimburses your losses. This coverage can include direct theft, forgery, or fraudulent electronic transfers — situations that are unfortunately more common than many realize. According to the Association of Certified Fraud Examiners (ACFE), businesses lose an average of 5% of their annual revenue to employee fraud, with small and midsize businesses being the most vulnerable. A Fidelity Bond provides financial recovery and peace of mind in these scenarios.
Fidelity Bonds are not one-size-fits-all; there are different types to suit your business needs:
First-Party Fidelity Bonds: Protect your company’s own assets from theft or fraud by employees.
Third-Party Fidelity Bonds: Cover losses caused by dishonest acts committed by contractors or vendors working with your company.
ERISA Fidelity Bonds: Required by law for businesses that manage employee benefit plans, protecting those funds from potential misuse.
At TriState Business Insurance, we assess your company’s structure, operations, and exposure to recommend the right combination of bonds to fully protect your business.
Even the most trusted teams face risks. A single dishonest act can damage both finances and reputation. Fidelity Bonds not only cover the cost of stolen assets but also reinforce your credibility with clients and partners. Many clients and government contracts now require proof of fidelity coverage as a sign of financial responsibility and integrity.
At TriState Business Insurance, we have extensive experience helping businesses across multiple industries secure comprehensive protection, including Fidelity Bonds. Our team will guide you through the process — from identifying vulnerabilities to customizing coverage — so you can focus on running your business confidently.
Employee theft and fraud can happen anywhere, but with the right protection, you can minimize the risk and recover quickly. Contact TriState Business Insurance today to learn more about Fidelity Bonds and how they can protect your business from financial loss.
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