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Fidelity Guarantee Insurance

Fidelity Guarantee insurance covers monetary loss sustained as a result of any act of fraud or dishonesty committed by the employees in the course of performance of their duties. This policy is suitable for employees occupying positions of trust such as cashier and storekeeper.
Coverage
Theft committed by employees is covered under the policy. This includes assets stolen and the claims made by customers when the valuables are stolen.
Act of forgery and defalcation of company’s money by employees
Embezzlement, misuse of employment capacity for personal gain and any other dishonest act by employees
Amount of guarantee stated against the name of any employee or against the relevant group/category of employee in the policy schedule
The total amount of guarantee specified in the policy
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