This policy covers loss arising out of fraud or dishonesty by the company’s employees. It protects the business from financial losses in the event of a breach of trust by an employee. Theft by outsiders aided by an employee is regarded as infidelity by the employees and falls under this policy.
The potential losses that could arise, especially with the increase in computer crime, makes it pertinent that employers use fidelity guarantee insurance as a risk management tool.
This policy is applicable to both commercial as well as residential locations and we highly recommend it to our clients.