What is the difference between fidelity bonds and crime insurance?

Fidelity bonds are a narrower form of crime coverage focused specifically on employee dishonesty. They are often required by client contracts (especially for cleaning services, in-home contractors, and financial advisors) as a sign of trustworthiness. Commercial crime insurance is broader: it includes employee theft (the bond piece) PLUS forgery, computer fraud, funds transfer fraud, and other dishonest acts. If your contract specifically requires a fidelity bond, a crime policy with the right endorsement usually satisfies the requirement.