Fidelity guarantee insurance (Type of policies (1) Individual, 5) Blanket,…
Fidelity guarantee insurance
The sum insured is fixed for anyone loss and in the aggregate anyone period of insurance
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
The sum insured is reduced as each claim is made and an extra premium is needed to reinstate the cover
An extension of Collective Policy where the sum insured is specified for the whole group rather than for each individual.
A schedule is included in the Policy.
The Insured decides the specified amounts guaranteed for each named of individual employee covered according to his or her responsibility and position
This Policy covers a group of employees.
The sum insured is a specific amount corresponding to the position and subject to an aggregate limit per period of insurance
Covers named position without names of employees being indicated
Covers individual persons named in the policy for a stated amount
Type of policies
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.