Blanket Honesty Bond

Blanket Honesty Bond
A kind of fidelity bond that covers an employer for all of the losses that are incurred through the dishonest acts of its employees. No matter how many employees are involved, the maximum amount of the coverage will be applied to any one loss. The employer is indemnified even if the the guilty employee(s) cannot be identified. Also known as commercial blanket bond.

Even though a blanket honesty bond and other kinds of fidelity bonds are called "bonds," as you can see they are really a form of insurance. The dishonest acts of employees covered include theft, embezzlement, forgery, disappearance and destruction and other types of wrongdoing. The process of buying a fidelity bond helps employers weed out staff who are likely to commit crimes, because commercially purchased fidelity bonds will not cover employees with histories of dishonest acts.


Investment dictionary. . 2012.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • Honesty Bond — A bond posted by an organization or professional insuring the honesty and integrity of the bond issuer and/or its employees. An honesty bond insures the policy holder against theft, fraud and other dishonest acts by employees. Also known as a… …   Investment dictionary

  • United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… …   Universalium

  • Insurance — This article is about risk management. For Insurance (blackjack), see Blackjack. For Insurance run (baseball), see Insurance run. In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a… …   Wikipedia

  • Europe, history of — Introduction       history of European peoples and cultures from prehistoric times to the present. Europe is a more ambiguous term than most geographic expressions. Its etymology is doubtful, as is the physical extent of the area it designates.… …   Universalium

  • science, philosophy of — Branch of philosophy that attempts to elucidate the nature of scientific inquiry observational procedures, patterns of argument, methods of representation and calculation, metaphysical presuppositions and evaluate the grounds of their validity… …   Universalium

  • English literature — Introduction       the body of written works produced in the English language by inhabitants of the British Isles (including Ireland) from the 7th century to the present day. The major literatures written in English outside the British Isles are… …   Universalium

  • HOSEA, BOOK OF — HOSEA, BOOK OF, the first of the 12 books that make up the minor prophets . Everything points to this book s having been produced in the kingdom of israel and redacted, after the fall of that state, in Judah; and this makes it a valuable source… …   Encyclopedia of Judaism

  • French Algeria — Algérie française Départements of France …   Wikipedia

  • Love Family — Members of the Love Family perform at the 65th Anniversary Celebration of Pike Place Market, 1972. From left to right, Strength Israel, Zeal Israel, Courage Israel, Reality Israel, Integrity Israel, and Encouragement Israel. The Love Family, or… …   Wikipedia

  • Gerald Ford — This article is about the U.S. President. For other uses, see Gerald Ford (disambiguation). Gerald Ford 38th President of the United States …   Wikipedia

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”