What is another name for employee dishonesty coverage?

Employee dishonesty coverage is specifically designed to protect businesses from losses due to the dishonest acts of their employees, such as theft or fraud. The term "fidelity bond" is a type of insurance policy that serves this exact purpose. A fidelity bond provides a guarantee that an employee will not engage in dishonest conduct that causes financial harm to the employer.

This insurance is crucial for businesses that handle significant amounts of cash or valuable assets, as it mitigates the risk associated with employee misconduct. While "employee theft insurance" may sound similar and is related to the concept of protecting against employee dishonesty, the terminology more commonly and officially used in the insurance industry for this coverage is "fidelity bond."

The other choices, including liability coverage and commercial property insurance, do not address the specific risks associated with employee dishonesty. Liability coverage pertains to legal responsibility for injuries or damages, while commercial property insurance is focused on physical assets and property loss rather than employee actions. Thus, the fidelity bond stands out as the most accurate and officially recognized name for employee dishonesty coverage.