Fidelity Bond Defense
A fidelity bond defense refers to the protection provided by a fidelity bond, which is an insurance policy designed to compensate an employer for losses due to dishonest acts of its employees, such as theft, fraud, or embezzlement. In essence, it’s a safeguard for businesses against employee-related losses.
A commercial dispute involving dishonesty or malfeasance on the part of an employee, officer, or director can cause a serious drain on a business’ resources. In turn, fidelity insurers experience financial ramifications as they typically bear the burden of such claims.
Kelley Kronenberg’s Fidelity Bond Defense Team has extensive experience in the investigation and defense of claims likely to be encountered by fidelity insurers. Our team specializes in defending commercial crime claims, including the following:
Recognized as a team of highly skilled professionals, our firm has the knowledge, tools, and resources to help our clients make early assessments of their claims and assert coverage defenses, when appropriate. We meticulously review the applicable insurance policies and underlying relevant transactions to develop a plan of action that advances our clients’ objectives. While resolution of these matters without litigation is often the goal, our attorneys are highly experienced in and fully prepared to litigate fidelity bond disputes, when in our clients’ best interests.
Our Fidelity Bond Defense Team is swift and efficient in addressing our clients’ needs, using a multidisciplinary approach that spans multiple practice areas and jurisdictions. Our fidelity bond attorneys work side-by-side with our Bankruptcy, Insolvency and Commercial Creditors’ Rights; Commercial Litigation, Intellectual Property, Data Privacy and Technology, and Real Estate Divisions to ensure our clients receive the most comprehensive representation available. These expansive inner-firm resources place our Fidelity Bond Defense Team in a unique position to investigate, litigate, and resolve complex claims and mitigate claims presenting high-exposure risk.
