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County Heads To Purchase Blanket Bond For Frederick County
Frederick County Commissioners move to buy a 10000 dollar blanket fidelity bond covering all county employees not already bonded. The bond covers losses by any employee and is offered by Fidelity and Deposit Company of Baltimore with potential competitive bids. The plan, to run three years, follows existing statutory bonds and centralizes liability with an unidentifiable employee clause. Randolph Rosencrantz, Clerk, notes benefits of centralized controls and low rates due to tracing systems.
MENTIONED IN THIS ARTICLE
Frederick County
Fidelity
Fidelity and Deposit Company of Baltimore
Children’s Aid Society
Maryland
Randolph Rosencrantz
Rosencrantz