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One crucial aspect of managing finances is having a clear understanding of insurance terminology. In particular, the concept of fidelity insurance is highly relevant for businesses. This type of coverage protects companies from financial losses resulting from fraudulent actions committed by designated individuals. In essence, it provides a safeguard against the dishonest acts of employees and other specified individuals. It is imperative for businesses to have fidelity insurance in place to mitigate the risks of financial harm due to fraudulent activities.
