- By Operations
- last updated 02/11/2016
Fidelity Guarantee Insurance is a contract of insurance to which the general principles of insurance apply.
It does not guarantee the employees honesty, however it guarantees
that if the employer suffers any direct financial loss arising out of the employees dishonesty the insurers share
the said loss to the employer within the limitations prescribed in the contract document.
The Policy covers the loss sustained by the employer by reason of any act of forgery and/or fraud and/or dishonesty
of monies and/or goods of the employer on the part of the employee Insured committed on or after the date of commencement
of the Policy during uninterrupted service with the employer.