This insurance protects organizations from loss of money, securities, or inventory resulting from crime. Common Fidelity claims allege employee dishonesty, embezzlement, forgery, robbery, safe burglary, computer fraud, wire transfer fraud, counterfeiting, and other criminal acts.
What can be covered?
- Loss of physical monies or financial losses due to dishonesty or fraudulent act of employees
Key underwriting points
Client must provide relevant permanent employees’ details that are responsible to handle the company’s monies.
Details as in:
- Name and ID number
- Designation and Job Scope
- Length of employment