Fidelity Insurance Services

Covers the employer for any direct financial loss he may suffer as a result of employees’ dishonesty. The basis of fidelity guarantee originates from the employer and employee relationship or a fiduciary relationship where confidence or trust reposed plays a crucial part.

Standard Exclusions:

• Losses such as stock taking shortages, trading losses, not caused by fraud or dishonesty
• Discovered more than 12 months after the termination either of the guarantee or the service of the employee concerned
• Where there has been any change in the agreed system of check of accounting precautions without the insurer’s prior consent