FIDELITY GUARANTEE INSURANCE (conditions (cancellations, terms, claims,…
FIDELITY GUARANTEE INSURANCE
This policy indemnifies you as an employer against any direct loss of pecuniary that you may sustain through act(s) of dishonesty by your employees
such act include
Covers individual persons named in the policy for a stated amount
Covers named position without names of employees being indicated
The Insured decides the specified amounts guaranteed for each named of individual employee covered according to his or her responsibility and position
A schedule is included in the Policy
This Policy covers a group of employees.
An extension of Collective Policy where the sum insured is specified for the whole group rather than for each individual.
The sum insured is reduced as each claim is made and an extra premium is needed to reinstate the cover
Covers all employees without show the names of guaranteed person irrespective of positions held and an indemnity up to stated amount in respect of acts of one or more employees.
Period of insurance
Risk management steps