GK
INSURANCE AWARENESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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____ is a fidelity bond that covers all employees of a given class and may also cover perils other than infidelity.
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Blanket Bond
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Blanket Value
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Blanket Assign
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Blanket Coverage
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Explanation:
Detailed explanation-1: -There are two types of fidelity bonds: first-party bonds (which protect companies from harmful acts by employees or clients) and third-party bonds (which protect companies from the harmful acts of contracted workers).
Detailed explanation-2: -A blanket fidelity bond is coverage for employee theft of money, securities, or property, written with a per loss limit rather than a per employee or per position limit.
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