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DEFINITION of 'Blanket Bond'. Insurance coverage carried by brokerages, investment bankers, and other financial institutions to protect them against losses due to employee dishonesty. Next Up. Examples of things that a blanket bond might cover are forged checks, counterfeit currency, fraudulent trading, and property damage.
What is a blanket additional insured endorsement? A: A blanket additional insured endorsement is an attachment to liability insurance policies, such as auto insurance, that automatically insures an organization or individual that the original purchaser of the policy is required by the contract to add as insured. It is called blanket because it identifies the parties by description. Continue Reading.