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What does a faithful performance of duty bond cover that a fidelity bond does not?

April 26, 2017Bond cover duty faithful Fidelity PERFORMANCE

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What does a faithful performance of duty bond cover that a fidelity bond does not?

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A faithful performance of duty bond covers the same dishonesty as a fidelity bond. In addition, it covers additional situations, such as a loss of Commonwealth funds resulting from an employee’s malfeasance, willful neglect of duty, bad faith or negligence.