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Small & Emerging Contractors


About Fidelity






A fidelity bond is a bond which indemnifies the insured for loss caused by the dishonest and fraudulent acts of its covered employees. In addition, a fidelity bond typically covers the insured against the following:

  • Forgery or Alteration;
  • Loss inside the premises caused by theft, disappearance and destruction, and robbery and safe burglary;
  • Loss outside the premises caused by the robbery of a messenger.

These coverages sometimes are referred to as Crime Coverage.

Annually writers of Fidelity and Crime Coverage incur almost $500 million in losses by protecting organizations from risks that are present each day they are open for business: employee dishonesty, robbery and burglary.

Fidelity bonds are divided into two primary categories: financial institutions (for example, banks, stock brokers, insurance companies and finance companies) and mercantile and governmental entities (non-financial institutions). The coverage needs of these categories differ and SFAA has developed standard forms that meet the particular coverage needs of each group.

Information regarding the particular SFAA forms may be accessed by clicking the relevant links.


Financial Institution Bonds - Description of Coverage

Financial Institution Bond
Standard Form No. 14 for Broker/Dealers

(Revised to May, 2011)

Financial Institution Bond
Standard Form No. 15 for Mortgage Bankers and Finance Companies

(Revised to May, 2011)


Credit Union Blanket Bond
Standard Form No. 23 for Credit Unions

(Revised to May, 1950)

Financial Institution Bond
Standard Form No. 24 for Commercial Banks, Savings Banks and Savings and Loan Associations

(Revised to May, 2011)

Financial Institution Bond
Standard Form No. 25 for Insurance Companies

(Revised to May, 2011)

Excess Bank Employee Dishonesty Bond
Standard Form No. 28 for Commercial Banks

(Revised to January, 1986)

Computer Crime Policy for Financial Institutions
(Edition of December, 2016)

Combination Safe Depository Policy for Financial Institutions
(Edition of January, 1986)

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