About Fidelity Guarantee

Everyday employees handle company money, company property and company records. Diverting these into own use is fraud and dishonesty to the company. Fidelity Guarantee is a policy which gives cover to the insured against such incidents.

Who is involved

Three parties are involved, the Employer, the Employees and the insurer.

 

Cover Applies

 

During the period of the policy. During the ''Discovery Period'', period during which theft is committed and discovered up to 24 months after termination of policy, or when the guilty party resigns or leaves employment.

 

Cover extended to

• Auditors fees incurred in substantiating the amount of loss.

• The cost of rewriting or amending computer programs to avoid future losses.

Types of cover

• Limit of indemnity per named person

• Blanket Policy