Final answer:
The claim that a judicial bond is used to cover employees with access to valuable property is false. Judicial bonds relate to court proceedings, whereas fidelity bonds or commercial crime insurance cover losses from employee dishonesty.
Step-by-step explanation:
The statement that a judicial bond is an assurance purchased by an employer to cover employees who are entrusted with valuable property or funds is false. A judicial bond is a financial guarantee used in court proceedings, not an insurance policy for employers. Instead, fidelity bonds or commercial crime policies are typically used to protect against losses from employee dishonesty.
Judicial bonds are typically required in legal disputes to ensure the payment of the necessary funds in cases such as bail or settlement of a court order. In contrast, employers often purchase fidelity bonds or commercial crime insurance to cover the risk of loss due to fraudulent activities by an employee, such as theft, embezzlement, or forgery. These financial products serve as a protection for the company's assets when employees have access to valuable property or funds.