What Does Commercial Blanket Bond Mean?

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

Commercial Blanket Bond

Commercial Blanket Bond

Type of fidelity bond that covers loss arising from the dishonesty of one or more employees acting separately or in collusion; the limit of liability applies separately to each loss, regardless of the number of employees involved.

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

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