What type of bond provides coverage for all employees of the insured against dishonest acts without naming individuals?

Study for the South Carolina Adjuster Licensing Test. Use flashcards and multiple choice questions with hints and explanations. Prepare thoroughly!

The type of bond that provides coverage for all employees of the insured against dishonest acts without naming individuals is known as a Blanket Position Bond. This type of bond offers broad protection by covering all employees in specific positions, which means that it does not list individual employees but rather applies to a defined group. This is particularly beneficial for businesses as it simplifies the process of ensuring that all employees are covered under the bond without the need for constant updates to the bond's specifics when new employees are hired or when roles change.

In the context of fidelity and commercial liability, a Fidelity Bond is indeed related to employee dishonesty but usually names specific individuals or positions rather than encompassing all employees. A General Liability Bond and a Commercial Liability Bond serve different purposes, focusing on liability coverage rather than employee dishonesty. Hence, the Blanket Position Bond precisely fits the description provided in the question, ensuring comprehensive protection against dishonest acts by covered employees without the need for individual naming.

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