The Fidelity Guarantees guarantee the repair of the damage caused by one or more employees who commit a patrimonial crime against the beneficiary’s assets or for which the latter is legally responsible.
The Fidelity Bonds
Its main objective is to protect the assets of companies from possible losses derived from illicit behavior committed by their employees. The Fidelity Bonds are issued to repair the damage to the patrimony that an employee may cause to their employer.
The fidelity bonds, Amparan various types of crimes, among which are: theft, fraud and breach of trust.
With the Fidelity Bonds, the administrative employees of an organization can be strengthened, as well as sellers, insurance and bond agents, workers, among others.
As in the other branches or types of bond, in order to contract Fidelity Bonds, certain documentation must be delivered to the surety company, which is different for Physical or Moral Persons.
Hiring a Fidelity Bond can bring many benefits to the company, among which we can mention:
That helps to prevent fraudulent acts or frauds since it makes it more difficult and even impossible for the fraudster to find any opportunity to do so.
In case of committing the crime or embezzlement, the Fidelity Bonds help the timely detection of it.
Through preventive sessions held in companies, employees are made aware of the application of the program and the implementation of internal control systems, which can highlight the fraud committed and the person involved, which in the vast majority of the cases dissuade the person from carrying out the illegal act or fraud.
The Fidelity Bonds represent a financial coverage for the company in case of fraud or illegal acts.
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