In context to the business, you must have heared the name of fidelity insurance. Elaborate its meaning

Such insurance is of great use to the business firm where cash and goods are handled by employees. Under fidelity insurance, the insurance company undertakes to compensate the insured business firm against loss caused by misappropriation of funds or goods by its employees. Such policy is useful to the employees who fears embezzlement, forgery, fraud and dishonesty on the part of their employees.