FIDELITY GUARANTEE INSURANCE
This policy is to indemnify you against losses caused by your employees’ infidelity resulting in misappropriation of funds, embezzlement of cash, theft and fraudulent conversion of the committee’s valuables.
This is because all other theft and burglary policies exclude theft by insured employees. There is need to cover your committee against the financial consequences of your employees’ dishonest acts involving cash, accounting, stock control.
Experience has shown that people do suffer from these un-insured losses. We strongly recommend that you take out this insurance to cover the fidelity of your staff who are in key positions with valuable items and large sums of money entrusted in their care e.g.
Accountant/Accounting Staff
Cashiers
Store Keepers
To effect this policy, the following information will be require:-
- Name of Employee
- Age
- Number of years employee has spent in your employment
- The amount of cash the staff is exposed to
- Position / Responsibility