Explain Blanket Employee Dishonesty (See Crime, Fidelity Coverage)
Blanket Employee Dishonesty (See Crime, Fidelity Coverage) Technical Terms
Blanket Employee Dishonesty (See Crime, Fidelity Coverage) : Another term for crime or fidelity coverage. The form provides protection to the insured against losses that result due to theft or misappropriation of funds or other property by employees. This coverage is mandated by the secondary mortgage market, some state law, many CC&Rs, and good business judgment. It is strongly recommended that the definition of insured be modified to include Directors, Officers, and certain volunteers.