Position Fidelity Bond

A Position Fidelity Bond is a type of fidelity bond that specifies employee positions to be covered by the policy and the amounts each position is covered for. Or, some position fidelity bonds are blanket position bonds in that they cover the employees for a uniform amount for each named position. For both types, if two or more employees commit fraudulent acts in collusion, recovery can be paid out up to the amount specified for each position.