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MISCELLANEOUS PECUNIARY INTEREST INSURANCE - Coggle Diagram
MISCELLANEOUS PECUNIARY INTEREST INSURANCE
FIDELITY GUARANTEE INSURANCE
Parties Involved
The insured (the employer)
The applicant or insured person whose fidelity is guaranteed
The insurer
Standard Coverage
Indemnifies employers against loss of monies, negotiable instruments or goods belonging to the employer as a result of any act of fraud or dishonesty committed by an employee(s)
Conditions
Discovery Period
Types of policy
INDIVIDUAL POLICY
COLLECTIVE POLICY
Named Basis
Unnamed Basis
BLANKET POLICY
Basis Of Sum Insured
Exclusions
CREDIT INSURANCE
Coverage
covers the payment risk resulting from the delivery of goods or services.
Covers a portfolio of buyers and pays an agreed percentage of an invoice or receivable that remains unpaid as a result of protracted default, insolvency or bankruptcy
Types Of Policy
Specific account policy
Whole Turnover policy
Co-Insurance
Market
MISSING AND DOCUMENTS INDEMNITIES
Coverage
Limit Of Indemnity
