Blanket Position Bonds Bonds which guarantee the honesty of each of the employees of an entity stated on the bond to the stated amount of the bond. Blanket Public Official Bond Blanket public official bonds cover all public employees of the public entity stated on the bond to the stated amount of the bond. The blanket position public official bond covers each public employee of the public entity stated on the bond to the stated amount of the bond. A term that refers to the size of a bond which a surety is able to write. A general classification of bonds that refers to all bonds other than contract and performance bonds.
Commercial bonds cover obligations typically required by law or regulation.
Each bond is unique to the circumstances at hand. These bonds provide a single amount of coverage to cover dishonest acts of employees, regardless of the number of employees involved in the loss. In other words, this type of bond covers all employees to the amount stated on the bond. Conservator A person, official, or institution designated to take over and protect the interest of an incompetent or minor. A type of bond designed to guarantee the performance of obligations under a contract.