Fidelity Guarantee Insurance
Fidelity Guarantee Insurance
Under this policy, the insured shall be compensated for any loss incurred as a result of forgery, embezzlement, theft, and/or fraudulent substitution committed by employees.
This compensation is calculated after deducting any wages, commissions, amounts, or assets belonging to the employee(s) that are in the possession, under the authority, or within the reach of the insured.
The company’s liability for all insured acts committed during the policy period shall not exceed the limits specified in the policy schedule.
The coverage encompasses
- Forgery
- Embezzlement
- Theft
- Burglary
Product Benefits
Protection of the company or institution against the theft of its funds, financial documents, or assets (such as goods held in custody) committed by an employee, partner, contractor, or volunteer.
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