MLchartDataset catalogue

Blanket position bond (BPB)

Term · Insurance and risk management · MLC-T-INS-000573

A type of fidelity bond that covers all employees in specific positions, rather than naming individual employees. It provides a fixed amount of coverage for losses caused by dishonest acts of employees occupying those designated positions. The bond protects the employer from financial losses due to theft, fraud, or embezzlement by any person holding a covered position.

Table 1. Record
IdentifierMLC-T-INS-000573
FieldInsurance and risk management
SubjectCommercial Property
AbbreviationBPB
Record as JSON 
{
  "id": "MLC-T-INS-000573",
  "term": "Blanket position bond (BPB)",
  "field": "Insurance and risk management",
  "definition": "A type of fidelity bond that covers all employees in specific positions, rather than naming individual employees. It provides a fixed amount of coverage for losses caused by dishonest acts of employees occupying those designated positions. The bond protects the employer from financial losses due to theft, fraud, or embezzlement by any person holding a covered position.",
  "abbreviation": "BPB",
  "subject": "Commercial Property",
  "url": "https://mlchart.com/terminology/insurance/blanket-position-bond-bpb/"
}

Record 343 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.