PNC Bonds Section

Which described the difference between bonding and insurance?

insurance only has 2 parties, bonds have 3 and once loss occurs in insurance there is no expectation of repayment in most cases whereas in bonding, the guarantor has the right to recover loss payment from the obligator

The time the employer has realized a loss

Fidelity bond period of discovery

fidelity

M has committed and act of dishonesty and has triggered a bond payment know as limit of liability. whats the bond

Contracts, federal, court, license and permit, public officia

Types of surety bonds

Surety

Which bond guarantees performance

commercial blanket

Which type of Fidelity bond would cover a maximum amount for a single loss regardless of the number of employees involved

Penalty

the face amount of a Surety bond is called