Fidelity bond coverage
Aptly described as employee dishonesty coverage, this type of insurance compensates your client if you
or your employees steal money or property on the job. In particular, clients in the banking and financial
services industries are likely to ask software engineers, software developers, system integrators and
programmers to carry fidelity bond insurance because they’re entrusting them with sensitive
information, such as customer Social Security and account numbers.
Most self-employed IT professionals know that client information is safe with them. But if you have
employees or subcontractors handling valuable property or customer information – no matter how
much you trust them – anything can happen, and if it does, you could be held liable. A laptop could go