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What is Fidelity Guarantee Insurance?
Fidelity Guarantee insurance is an insurance policy designed to covers the employer against for the loss of money, loss of stock or property which might result from acts of dishonesty by an employee in the course of employment.
Why need Fidelity Guarantee Insurance?
Fidelity guarantee insurance is most often sought by companies where employees are more likely to cause financial loss because of their constant exposure to cash, stocks or other assets.
The policy may be effected by Commercial firms such as Manufacturing Companies, Service Industries, Shop Keepers, Wholesale Go-downs, and other firms where handling of money or goods is carried out by employees.
What is covered by Fidelity Guarantee?
The cover provided includes reimbursement for loss resulting from:
- loss of property,
- loss from loans or trading.