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Originally Posted by Question
Is a Fidelity bond a insurance policy or a surety bond ?
I have heard people call it both which one is it
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A "Fidelity Bond" is another name for a Commercial Crime Policy. A "fidelity bond" is really industry jargon still used by some agents. Unlike a surety bond, a commercial crime policy would not normally contain an indemnity clause. If it it did the applicant would be responsible to pay the surety back the amount of the claim.