Which statement regarding scheduled fidelity bonds is false?

Scheduled fidelity bonds are designed to provide specific coverage limits for individual employees, rather than a blanket coverage application for all employees. This means that each bonded employee has their own designated limit of coverage. In this context, it is accurate to state that all employees would not necessarily be bonded for the same aggregate amount; instead, the bond establishes distinct coverage limits relevant to each individual.

The other statements highlight key attributes of scheduled fidelity bonds. They indeed provide a specific limit of coverage per employee, a fundamental aspect that helps businesses manage risk based on the trustworthiness and roles of their employees. Furthermore, these bonds are explicitly intended to safeguard against losses incurred from employee dishonesty, making them a vital tool for employers. While the bonds do protect against dishonest actions, they typically do not cover intentional acts that are not aligned with such dishonesty, reinforcing the need for precise definitions in understanding the nuances of coverage. Thus, recognizing that all employees having the same aggregate amount is incorrect aligns with the overall operational structure of scheduled fidelity bonds.