Key Benefits

• Fidelity Guaranty policy protects your business from financial losses in the event of a fraud by an employee up-to the limit opted.
• It also covers monetary losses that you might have to suffer as a result of forgery, embezzlement, larceny or fraud / dishonesty or fraudulent conversion of money or money's worth or goods by your employees.
• The cover provided includes reimbursement for loss committed by an employee for improper personal financial gain.
• Theft of property by computer fraud and the theft of funds from the insured’s transfer account at a financial institution are also indemnified.
• In addition, defense costs, judgments and settlements are accommodated by the terms of the contract.

The liability of the Company shall not exceed:

• In respect of any employee the amount stated against his name or description.
• In respect of all claims under the policy the total amount Guaranteed.

Key Exclusions

• Salary, commission, security deposit or any other money standing to employees’ credit is adjusted.
• Loss discovered more than 12 months after the termination, either of the guarantee or of the service of employee concerned.
• Losses such as stock taking shortages, trading losses, not caused by fraud or dishonesty.
• Date Recognition Clause.
• All kind of Political Risks including but not limited to Terrorism and Sabotage.
• Contamination / Pollution Clause.
• Nuclear Clause.
• Radioactivity Risks (Radioactive Contamination Clause following CL370 Institute of London Underwriters).
• Any direct or indirect loss by infectious disease, outbreak of epidemics &pandemics.
• Asbestos Clause.
• RADIOACTIVE Contamination, Chemical, Biological, Bio-Chemical and Electromagnetic Weapons (insurance).
• War and Terrorism .

This is not an exhaustive list. Please refer policy wordings for detailed coverage, exclusions and conditions.

Download Section

– Brochure
– Proposal Form
– Claim form
– Policy Wording