What are fidelity bond and surety bond insuring a title company for in the state of Florida?

In Florida, a fidelity bond provides protection for a title company against losses caused by employee dishonesty, such as theft or fraud. Meanwhile, a surety bond ensures that the title company will comply with state regulations and fulfill its contractual obligations, including proper handling of client funds. Together, these bonds safeguard both the title company and its clients, promoting trust and financial integrity in real estate transactions.