What is the maximum surety liability per employee in a blanket position bond?

In the context of a blanket position bond, the maximum surety liability per employee is specifically tied to the stated amount of coverage per employee. A blanket position bond is designed to cover losses resulting from fraudulent or dishonest acts by employees, and it establishes a predetermined coverage limit that applies to each employee. This means that if a loss occurs due to one employee's dishonest actions, the surety will reimburse up to the amount specified for that employee, up to the limit set forth in the bond.

This structure provides a clear understanding of the financial protection available for different employees under the bond. It ensures that each employee's actions are treated independently concerning coverage limits, which provides comprehensive coverage for the hiring entity. While the overall policy amount represents the total liability assured by the surety for all covered employees, the focus on the stated amount of coverage per employee clarifies the liability and provides distinct limits for individual incidents of dishonesty.

Thus, the answer identifies how surety bonds specifically delineate coverage limits to provide tailored protection against employee misconduct.