Which of the following insurance types provide for a loss arising from fraudulent acts by employees?
Errors and omissions
Fidelity insurance covers the loss arising from dishonest or fraudulent acts by employees. Business
interruption insurance covers the loss of profit due to the disruption in the operations of an
organization. Errors and omissions insurance provides legal liability protection in the event that the
professional practitioner commits an act that results in financial loss to a client. Extra expense
insurance is designed to cover the extra costs of continuing operations following a
disaster/disruption within an organization.