Fidelity Guarantee

As an employer we want to ensure that you have everything you need to protect you and your company. Fidelity Guarantee insurance is one such cover that you should not do without.

What is Fidelity Insurance?

Fidelity insurance protects organizations from loss of money, securities, or
inventory resulting from crime by employees. Fidelity claims usually allege employee
dishonesty, embezzlement, forgery, robbery, burglary from safes, computer
fraud, wire transfer fraud, counterfeiting, and other criminal acts.

In most scenarios, employees may take advantage of any potential weakness in
your company’s financial controls. They may create fictitious employees, dummy
accounts payable, non-existent suppliers while some may resort to outright
theft of money, securities and property. Fraud and embezzlement in the
workplace is on the rise, occurring in even the best work environments.

Liabilities covered by this type of insurance usually fall into two
categories:

• money and security coverage
   - which pays for money and
  securities taken by burglary, robbery, theft, disappearance and
  destruction.
• employee dishonesty coverage - which
  pays for losses caused by most dishonest acts of your employees, such as
  embezzlement and theft

The Fidelity policy can either be a blanket policy (applying to all employees) or for each employee on an individual basis.  The option is yours and we can provide you with a quotation if you need one.