Fidelity Bonds

Commonly needed by:

• banks, 
• stock brokerages, 
• financial planners, 
• insurance companies, 
• janitorial or maid services, 
• home care and in-home nursing services, 
• retailers, 
• pension trustees, 
• estate custodians or executors

Also called “honesty bonds,” Fidelity bonds are used to protect individuals and businesses from the dishonest or fraudulent acts of others, including their own employees. They’re mostly commonly used by businesses whose employees are in a position to act fraudulently or commit theft, and by individuals who have been charged with managing another person’s financials.

Another of type of fidelity bond (sometimes called probate bonds) are custodian bonds, executor bonds and guardianship bonds.