FORUM

Sep 9 2021

Fidelity insurance policy-Fidelity insurance policy

Fidelity insurance policy Fidelity insurance policy Newspaper headlines Fidelity insurance policy Insurance rarely covers ‘intangible’ losses Trade secrets and other types of intellectual property often are considered “intangible property” by insurance underwriters, so employee theft of such property is rarely covered, experts say. A fidelity bond or crime insurance policy will cover losses suffered when an employee is involved in stealing a tangible company asset, such as money or securities, said attorney Marialuisa Gallozzi, a partner at Covington & Burling L.L.P. in Washington. Employee theft of trade secrets, patents and ideas “happens with some frequency. However, the crime policies typically …