FIDELITY GUARANTEE INSURANCE (EXAMPLES OF POLICY ( MSIG, Allianz., …
FIDELITY GUARANTEE INSURANCE
EXAMPLES OF POLICY
WHAT SHOULD HAVE IN POLICY?
1. Preamble Part
Insurer's & Insured name
Address of registered office
Type of policy
2. Body Part
3. Closing Part
Indemnifies you as an employer against any direct loss of pecuniary
Such acts include
EMPLOYER > PECUNIARY LOSS > EMPLOYER(S)
TYPES OF POLICY
Covers individual person names in the policy for a stated amount
Covers name position without names of employees being indicated
Covers a group of members, a schedule is included in the policy.
Specified for the whole group, limitation subject matter and depend on insurance company.
Covers all employee without show the names of guaranteed person, position and an ideminity
FEATURES OF COVER
Covers the insured pecuniary loss or goods belonging to the insured due to the act of fraud or dishonesty committed by His or Her (Insured) employees:
-During the period of Insurance stated
-During the uninterrupted continuance of employment of such employee
In connection with occupation and duties of such employee
Loss that stated in the policy and not be covered.