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 12 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.

Basis of cover                   Blanket basis