Definitions for "Blanket bond"
Keywords:  dishonesty, fidelity, tbpc, coves, bond
Broad insurance coverage against losses due to theft or employee dishonesty, carried by brokerages and other financial institutions.
A bond covering a group of persons, articles or properties.
A performance bond which insures a bidder's performance on two or more contracts in lieu of separate bonds for each contract. The amount for a blanket bond shall be established by the TBPC and contracting entities based on the bidder's annual level of participation in the state purchasing program. Acceptable forms of blanket bonds are those described in the definition of bid deposit.