Fidelity & Crime
Position Schedule Fidelity Bond
A fidelity bond that covers whoever holds certain listed job positions, rather than named people, against theft or dishonesty.
- Required by
- Employers, public bodies, and some federal and state rules for officers who handle funds
- Bond amount
- Set by whoever requires the bond. We confirm it.
What this bond guarantees
The bond protects the employer or public body (the obligee) against loss from dishonest acts by anyone holding a listed position, each for a stated amount. A claim arises when a person in a covered position steals or embezzles funds.
Who needs it
- Local governments and public boards
- Labor unions and associations
- Businesses that want coverage tied to roles like treasurer or cashier
What the underwriter looks at
- Positions covered and amount per position
- Internal financial controls
- Loss history
Requirements vary by state and by who asks for the bond. Send us the request you received and we will confirm exactly what it calls for.
Common questions
How is this different from a name schedule bond?
A position schedule bond covers whoever holds a listed position, so coverage stays in place when staff change. A name schedule bond lists named people, each with its own amount.
Is this the same as a blanket bond?
No. A blanket bond covers all employees under one amount. A position schedule bond covers only the listed positions.