Business, Legal & Accounting Glossary
A type of insurance that protects an employer from losses due to dishonest acts of employees. These acts may include such things as theft, embezzlement, forgery, and destruction of assets. Losses from such acts are covered even if the employees responsible cannot be identified. Also called commercial blanket bond.
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This glossary post was last updated: 20th November, 2021 | 0 Views.