What policy does a practice purchase to protect against loss due to embezzlement?

A practice purchases a bond or theft insurance policy to protect against loss due to embezzlement because it specifically covers financial losses resulting from dishonest acts by employees, including theft, fraud, or embezzlement. This type of insurance is crucial for protecting a business's assets and ensuring financial integrity.

Liability insurance typically covers claims of injury or damage to third parties and does not address financial loss from internal theft. Health insurance is focused on covering medical expenses for individuals and does not pertain to business-related theft or embezzlement issues. Property insurance protects physical assets from risks like fire or theft, but it does not cover financial losses from employee misconduct. Therefore, bond or theft insurance is the most suited option for addressing the risk of embezzlement in a practice.