What is the protection assured under a Crime Insurance Policy?

There are two types of financial protection that are available against the losses caused by crime. They are fidelity and surety bonds and burglary, robbery and theft insurance. A bond is a legal instrument in which a third person (surety) ensures the performance of contract properly by the principal or the obligator. A fidelity bond deals with assurance of bonafide behavior by an employee during the course of his employment. In fidelity bond, the surety assures the employer of trust worthiness and honesty of the employee and agrees to pay the damages that arise due to the dishonest acts of that employee. Money and security coverage pays for money and securities taken by burglary, robbery, theft, disappearance and destruction.