Fidelity Guarantee Insurance

Why is Fidelity Guarantee Insurance Important?

• Protection Against Employee Fraud – Covers losses caused by theft, embezzlement, and forgery by employees.
• Ensures Business Continuity – Helps businesses recover financially from losses due to dishonest acts by employees.
• Risk Management Tool – Complements internal audits and other security measures, reducing the risk of fraud.
• Covers Individual & Group Employees – Can be purchased for a specific employee or multiple employees under a floater policy.

Coverage Under Fidelity Guarantee Insurance

• Theft – Covers internal and external theft, whether the stolen asset belongs to the company or its customers.
• Embezzlement – Protects against misappropriation of funds by employees.
• Forgery – Covers financial losses from fraudulent signatures or forged documents.

How Does the Policy Work?

• The sum insured can be per employee or floater-based for multiple employees.
• The premium depends on factors like employee roles, number of employees, internal audit measures, and the selected sum insured.
• In case of fraud, the business can file a claim, and the insurer will compensate for the financial loss up to the policy limit.

Fidelity Guarantee Insurance is a crucial safeguard for businesses that handle cash, valuables, or sensitive financial transactions, ensuring protection against employee-related financial risks.