Final answer:
Fidelity bond or employee theft insurance protects against theft by employees in businesses by providing coverage for financial losses resulting from dishonest acts.
Explanation:
Fidelity bond or employee theft insurance provides coverage for burglary and theft committed by employees. It protects businesses from financial losses resulting from dishonest acts carried out by employees, such as theft of money, inventory, or equipment.
Employee theft can take the form of pilferage or embezzlement, making it essential for businesses to safeguard themselves with adequate insurance coverage like fidelity bonds.
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