Fidelity Guarantee Policy
This policy is designed to compensate employers against loss of money or stock through fraud or dishonesty of their employees in the course of performing their duties. The policy is beneficial for organizations with employees who handle cash on a regular basis.
The policy indemnifies insured against financial losses:
Committed by employees as a result of fraud
When the fraud is detected during the period of insurance.
When employee has been prosecuted for fraud or there is evidence that the fraud was committed by the employee.