OVERVIEW
SCOPE OF COVER
OVERVIEW
This policy is designed to protect you against direct monetary loss sustained by any act of fraud or dishonesty committed by your employee for their personal gains during the time you are insured with us.
SCOPE OF COVER
Fidelity Guarantee offers different coverage options as follows:
- Named Basis / Un-Named Basis – Covers individual persons named or un-named in the policy for a specific amount.
- Position Basis – Covers named positions eg cashiers, company secretary, accountant, storekeeper, etc without names of employees being indicated. This avoids the necessity to amend the policy following staff changes. The sum insured is a specific amount corresponding to the position and subject to an aggregate limit per period of insurance.
- Blanket coverage: Covers all employees irrespective of positions held and an indemnity up to a stated amount in respect of acts of one or more employee. The sum insured is fixed for anyone loss and in the aggregate anyone period of insurance.