What type of bond guarantees that "exec level" persons will manage the property of others?

Fiduciary bonds are designed to ensure that individuals in positions of trust, such as executives, administrators, and guardians, manage the property and affairs of others honestly and in accordance with the law. These bonds provide a guarantee that the fiduciary will fulfill their duties responsibly and protect the interests of those whose property is being managed.

In the context of your question, “exec level” persons refers to individuals in executive roles who are responsible for overseeing and managing assets that do not belong to them. A fiduciary bond helps provide reassurance to clients or stakeholders that these executives will operate with integrity, ensuring financial responsibility and compliance with legal obligations.

Other options, such as public official bonds, completion bonds, and license and permit bonds, serve different purposes. Public official bonds are specific to elected or appointed officials to guarantee their duty to properly perform their roles. Completion bonds are used in construction projects to ensure that work is completed as per contractual terms. License and permit bonds are required for certain businesses to ensure compliance with laws and regulations related to licensing. None of these specifically addresses the assurance that executives will manage property with trust and fidelity, which is the focus of fiduciary bonds.