Even though a blanket honesty bond and other kinds of fidelity bonds are called "bonds," as you can see they are really a form of insurance. The dishonest acts of employees covered include theft, embezzlement, forgery, disappearance and destruction and other types of wrongdoing. The process of buying a fidelity bond helps employers weed out staff who are likely to commit crimes, because commercially purchased fidelity bonds will not cover employees with histories of dishonest acts.