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FIDELITY GUARANTEE INSURANCE (CONDITIONS (CANCELLATION, TERMS, CLAIMS,…
FIDELITY GUARANTEE INSURANCE
DEFINITION
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 acts include
embezzlement
defalcation
forgery
fraudulent conversion
TYPE OF POLICIES
POSITION
COLLECTIVE
FLOATING
BLANKET
INDIVIDUAL
EXCLUSION
Employee who has had prior convictions
of any fraudulent or dishonest act
errors in book keeping losses discovered during stocktaking
espionage, blackmailing, extortion, libel
any indirect and consequential loss
CONDITIONS
CANCELLATION
TERMS
CLAIMS
PERIOD OF INSURANCE
INTERPRETATION
DUTY OF DISCLOSURE