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Fidelity Guarantee Insurance provides employers with protection against unexpected losses due to forgery, embezzlement (the diversion of money for personal use), and fraudulent conversion by employees. The primary objective is to safeguard against losses resulting from the default of an individual acting in various capacities such as cashier, accountant, storekeeper, etc., during the policy period and uninterrupted employment with the insured.
Fidelity Guarantee Insurance covers:
The indemnity provided by this insurance equals the amount of money lost or the value of stock in trade, up to the sum insured's ceiling, applicable against the employee's name, for both individual and collective policies.
At Punarnava, we specialise in constructing policies to protect against such losses. With a deep understanding of your business and extensive experience, we tailor coverage to meet our clients' exact needs. Our expertise ensures comprehensive protection and peace of mind against fidelity-related risks.
