What aspect of a fidelity bond is essential for businesses?

A fidelity bond is specifically designed to protect businesses against losses caused by fraudulent or dishonest acts of their employees. This type of bond serves as a financial guarantee that employees will act with integrity and honesty in their roles within the company. Therefore, the essential aspect of a fidelity bond for businesses is the assurance of employee integrity and protection against any misconduct that could lead to financial loss.

While other options may represent important areas of insurance coverage for businesses, they do not pertain specifically to the purpose of a fidelity bond. General liability losses, property damage claims, and theft coverage fall under different types of insurance policies and are not the focus of a fidelity bond, which is primarily concerned with the fidelity and trustworthiness of employees.