Fidelity Guarantee Insurance
Why Fidelity guarantee insurance ?
This insurance is designed to cover your business in respect of any financial losses caused due to fraud or dishonesty by his employees such as misappropriation of money or goods belonging to the business. Cover is operative only if the act of fraud is committed during the period of insurance and discovered within 12 months from expiry of the policy. Policy can be arranged on individual names or positions basis or on blanket unnamed basis.
Key Benefits
- Automatic cover extension for losses discovered within twelve months after the insured employee ceases to be employed or the termination of the policy, whichever occurs first
- Single insurance policy can be issued for several groups of employees for your company
- Cover includes temporary employees who are named or included in the classes set out in the schedule
- Cover for auditor’s fees incurred in any special audit required to substantiate the amount of any claim available
