What type of bond covers all employees of a company under fidelity bond coverage?

The correct choice is a blanket bond, which provides broad coverage for all employees under fidelity bond protection. This type of bond is designed to protect a company against losses due to dishonest acts by any of its employees, thereby covering the entire workforce without the need to issue separate bonds for individual employees.

In the context of fidelity bonds, a blanket bond is particularly advantageous for businesses with numerous employees, as it simplifies the process and reduces administrative work. This means any employee who engages in dishonest conduct or theft could lead to a claim under the blanket bond, offering the company comprehensive security.

In contrast, an individual bond covers only a specific employee, leading to limits in protection if other employees commit dishonest acts. A schedule bond involves listing specific individuals whose actions are covered, which may not encompass all employees. A performance bond is completely different in purpose, as it guarantees the completion of a project according to the contract terms, rather than providing coverage against employee dishonesty.