What does a blanket bond in employee theft coverage do?

A blanket bond in employee theft coverage provides protection against employee theft across the entire organization. This type of bond is designed to cover losses that might occur due to the dishonest acts of multiple employees, rather than being limited to theft perpetrated by specific individuals. This broad coverage is beneficial for organizations as it encompasses various potential theft scenarios that could arise, offering peace of mind and financial security. By covering the entire organization, the blanket bond simplifies risk management by not necessitating individual policies for each employee, making it a more efficient and comprehensive solution for companies concerned about internal theft.