What is a Schedule Fidelity Bond?
A schedule fidelity bond is also called a schedule bond, name schedule bond, and a position schedule bond. It protects an employer against losses caused by the dishonest acts of two or more employees who are listed on the bond, by name or job title (such as property manager), in a schedule attached to the bond. Different employees may be bonded for different amounts, as specified in the schedule. Schedule fidelity bonds are often used by businesses with select employees who have a lot of responsibility or handle large sums of money. The cost of a schedule fidelity bond is based on factors such as the type of business, how many employees are covered, and the amount of coverage per person.
