What type of bonds covers each employee listed on the policy schedule?

Name Schedule Bonds provide a level of coverage specifically designed to insure each employee named on the policy schedule. This type of bond is tailored to the unique risks associated with specific individuals within an organization, typically those who hold positions of trust or access to money and property. By listing employees directly on the policy schedule, the insurer agrees to cover the acts of dishonesty or misconduct of those named individuals.

This option allows for precise identification and risk management, ensuring that the coverage is clear and targeted towards particular personnel. Since these bonds focus on named individuals, they can accommodate changes easily by adjusting the schedule when employees are added or removed, which offers flexibility and adaptability in the coverage.

In contrast, options like Blanket Position Bonds or Commercial Blanket Bonds provide coverage based on positions or roles rather than specific individuals, making them less suitable when the goal is to insure distinct employees as outlined in the question. Therefore, Name Schedule Bonds are the correct choice for covering each listed employee on a policy schedule.