What is Fidelity Guarantee?Fidelity Guarantee covers a corporate institution against the loss of money or goods by fraud or dishonesty of named employee(s). Who is this for? This is suitable for businesses with a property under the care of employees.
We will cover against loss of money or negotiable instruments or goods or property belonging to the insured or for which the insured is legally liable directly resulting from any act of fraud, dishonesty, and/or any infidelity of employees during currency of this policy.
- Your name
- Name of organisation
- Type of organisation
- Number of employees
- Phone contact and email address
- Limit of liability
Exclusions on the cover include the following:
- War and related perils and terrorism.
- Unexplained shortages or losses.
- Any consequential losses of any kind
- Any employee from the time the insured shall become aware that such an employee has committed any fraud or dishonesty.
- Loss arising from the non-payment of or default on any loan.
- Cover for non-employees like subcontractors, auditors, solicitors unless specifically included from inception
- Actions of fraud committed prior to the inception of policy
- Failure to install and maintain the checks and precautions advised to insurer in proposal form