A bond that covers the named insured against employee dishonesty. A single coverage amount applies to any one loss, regardless of the number of employees involved.
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Blanket coverage of employees supplied by the employer. Under this type of coverage, the maximum loss limit is applied to any loss regardless of how many people were involved in the loss.
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This form provides a single amount of coverage for any one loss caused by one or more employees. For example, the bond covers embezzlement if it is committed by one employee or several working together. It differs from the blanket position bond in that there is only one limit regardless of the number of employees involved. If the coverage amount is $50,000 and four employees conspire to embezzle $100,000 the company is obligated only to pay $50,000.