Fade Logo

Fidelity Guarantee Insurance

Fidelity Guarantee Insurance is a vital protection for companies against significant financial losses caused by fraud, theft, or dishonesty committed by employees. With the rise in fraud and the increasing use of electronic data and asset transfers, employers face heightened risks. These losses, particularly related to employee fidelity, can substantially affect a company's financial stability.

Employers dealing with cash, stocks, or valuable assets are particularly exposed to such risks. Given the rise of computer crime, fidelity guarantee insurance serves as an essential risk management tool to protect businesses from losses resulting from employee dishonesty or fraudulent activities.

Main Coverage / Fidelity Guarantee Insurance

Fidelity Guarantee Insurance is specifically designed to indemnify the employer against losses caused by fraudulent, dishonest, or criminal acts by employees during their course of employment. This insurance policy covers:

Loss of money or property directly resulting from fraud, theft, or dishonesty by an employee.

Losses occurring due to acts of forgery, fraud, or dishonesty involving the employer's assets or goods, committed by the insured employee after the policy's start date and during their uninterrupted service with the company.

Claims for fidelity guarantee insurance must be reported within 12 months from the expiry of the policy, or within 12 months from the employee's death, dismissal, or retirement, whichever comes first.

Fidelity Guarantee Insurance is available in various policy types including individual, collective, floater, and blanket policies. In order to file a claim, the company must first prove that the employee's infidelity was the cause of the loss.

Personal Insurance

Motor Insurance

Travel Insurance

Health Insurance

Home Insurance

Housemaid Insurance

Personal Accident Insurance

Golf Insurance

Life Insurance