Which bonds specify positions that are covered under the policy?

Position Schedule Bonds specifically outline and define the positions that are covered under the policy. These bonds are designed to provide coverage for individuals in specified positions within an organization, ensuring that the bond protects against losses caused by dishonest acts such as theft or fraud committed by those employees.

This type of bond is particularly useful for businesses that want to limit their coverage to only certain roles, allowing for more tailored risk management. By explicitly specifying the positions that are covered, the bond helps to clarify the responsibilities and limits of coverage for the insurer and the insured.

In contrast, the other types of bonds mentioned may not provide the same level of specificity regarding covered positions. Global Schedule Bonds typically cover a wider array of potential losses without designating specific roles, while Standard Employee Bonds may cover all employees without the detailed specification of positions. Partial Coverage Bonds may imply limitations but do not focus on detailing the specific roles covered in the same manner that Position Schedule Bonds do.