What Does Blanket Position Bond Mean?

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What does Blanket Position Bond mean? Read on to discover the definition & meaning of the term Blanket Position Bond - to help you better understand the language used in insurance policies.

Blanket Position Bond

Blanket Position Bond

Fidelity bond that covers losses arising from the dishonesty of one or more employees acting separately or in collusion; provides a single limit of liability applicable to each employee involved in a loss.

We hope the you have a better understanding of the meaning of Blanket Position Bond.

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