Fidelity Insurance
While you look after your Customers and Employees, build systems to protect, we create a shield against dishonesty.
Fidelity Insurance reimburses the insured professional for a loss directly resulting from dishonest acts of their employees. Fidelity Insurance protects businesses from costs incurred as a result of forgery, defalcation, embezzlement and other fraudulent acts by employees.
A Fidelity Insurance policy covers losses sustained by the employer as a result of an act of forgery, fraud or dishonesty from an employee. The loss can be of money or goods, for the duration of the policy.
The cover may be required in respect of a single employee or a group of employees.
There are certain circumstances that will determine, whether or not, Fidelity Insurance is an appropriate cover for your business, for example:
- The record, standing and reputation of the employee
- The “bonafides” of the emplover
- The systems in place for checking accounts
- General supervision of the employee
- The insurance covers a direct financial loss, not a consequential one
- The loss should be of moneys or goods of the insured
- The act should be committed in the course of the worker’s duties
- The theft must be committed by an employee
- Losses that may have been caused by bad accountancy are not payable, they must be supported by evidence of acts of dishonesty
The above is a brief information of the covers available under the Policy. Please request a copy of the Insurer’s Terms & Conditions of the policy which shall be binding and considered as the final basis for the settlement of any dispute.
For more information. please write to liability-health@deinon.ae
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