What Does Bonding of Employees Mean?

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

Bonding of Employees

Bonding of Employees

Agreement (such as a fidelity bond) under which a bonding or insurance company guarantees payment of a specified sum as damages, in the event one or more of the employees covered in the bond cause financial loss to the insured (employer).

We hope the you have a better understanding of the meaning of Bonding of Employees.

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