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Fidelity Guarantee
You will need to also protect your organization from the financial consequences of dishonest act or infidelity of your employees, whether the act involves loss of cash, stock or other items of financial value.
Requirements:
- The categories and number of employees to be insured.
- The aggregate amount to be guaranteed during any one period of insurance – this means the volume of transaction to be handled by the employees as a whole.
- Limit of indemnity any one claim – This is the insurers liability arising out of any one claim/occurrence. This amount would be chosen by the insured, however such must be reasonable.