Page 16 - Smith Ins. Primer

Employee Dishonesty (Fidelity Bond)
Employee dishonesty coverage indemni es the associa on for loss of money, securi es, or any other property due to acts of fraud, dishonesty, forgery, the , larceny, embezzlement, wrongful abstrac on, or willful misapplica on or misappropria on, or any criminal act.
Coverage is provided only for the associa on’s employees, unless it is speci cally broadened. Directors and o cers of the associa on and employees of the property management rm who handle associa on funds should be covered. Associa on documents and/or FNMA guidelines may speci cally require that coverage be broadened.
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