What does Faithful Performance Coverage mean? Read on to discover the definition & meaning of the term Faithful Performance Coverage - to help you better understand the language used in insurance policies.
Faithful Performance Coverage
Responds to crime policy losses arising out of the failure of an individual to faithfully execute duties required by company bylaws or those prescribed by law as in the case of a public official or employee. Although this coverage may be required occasionally in the private sector, the majority of the time it is written for public entities.
We hope the you have a better understanding of the meaning of Faithful Performance Coverage.