Fidelity Guarantee Insurance

Dishonesty is an awful phenomenon which rears its ugly head particularly around workplaces, from small thefts to massive frauds, embezzlement and racketeering by employees. We offer Fidelity Guarantee.

Fidelity Guarantee Insurance protects businesses against financial losses resulting from dishonest or fraudulent acts by employees, such as theft, embezzlement, or forgery, providing indemnity to the employer. 

Here’s a more detailed explanation:

What it is:

• Fidelity Guarantee Insurance is a type of insurance that safeguards businesses from the financial consequences of employee dishonesty or fraud.
• It covers losses of money, property, or other assets caused by the fraudulent or dishonest actions of employees.
• It can be arranged for named positions or on all employees of the insured. 

What it covers:

• Loss of money: This includes cash, securities, and other financial assets. 
• Loss of property: This covers the loss of goods or assets belonging to the business. 
• Dishonest acts: This includes acts like stealing, embezzlement, forgery, and misappropriation. 
• Acts of fraud or dishonesty: The policy covers losses resulting from such acts during the period of insurance and during the uninterrupted continuance of employment of the employee. 
• Investigation and legal costs: Some policies also cover the costs of investigating the fraud and pursuing legal action.