Which bond covers losses from dishonest acts by multiple employees acting together?

The correct answer is the commercial blanket bond, which is specifically designed to protect businesses from losses that arise due to dishonest acts committed by multiple employees collaborating together. This type of bond provides a broader level of coverage compared to other bonds by not limiting protection to named individuals, thus covering acts of theft or fraud that might occur within groups of employees.

Commercial blanket bonds allow businesses to be insured against monetary losses caused by dishonest acts, which can be particularly important in environments where multiple employees have access to sensitive assets or financial information. This flexibility is crucial because it acknowledges that collusion or group activities may pose significant risks that need to be managed.

In contrast, a name schedule bond typically offers coverage for specified individuals, which means that it does not provide the same level of protection against the coordinated dishonest activities of multiple employees. A surety bond is generally related to ensuring that a party fulfills their contractual obligations rather than providing direct protection against employee theft. Finally, a blanket position bond covers employees in designated positions but does not extend coverage in the same comprehensive manner as a commercial blanket bond, particularly for acts involving multiple parties. Thus, the commercial blanket bond stands out as the most suitable option for addressing theft or fraud involving collusion among staff members.