Common use of Fidelity Bonding Clause in Contracts

Fidelity Bonding. Covering all employees who handle the agency's funds. The bond amount must be equivalent to the highest daily cash balance or a minimum amount of $50,000. Insurance – Government/Municipality Documentation of the above coverage requirements are not applicable to government/municipalities that are self-insured.

Fidelity Bonding. Covering all employees who handle the agency's ’s funds. The bond amount must be equivalent to the highest daily cash balance or a minimum amount of $50,000. Insurance – Government/Municipality Documentation of the above coverage requirements are not applicable to government/municipalities that are self-insured.