FIDELITY GUARANTEE INSURANCE
What is Fidelity Guarantee Insurance?

Fidelity Guarantee comes most of the time as a complement of your Property All Risks policy.
If with your Property All Risks insurance, you are covered from burglar or theft from thirds party. This policy does not cover such acts when they come from one of your employees.
Therefore, Fidelity Guarantee Insurance protects your business against the loss of money or any of the company assets result from fraud or dishonesty by one of your staff or a group of employees.
Also, this line of insurance is known as Employee Dishonesty cover or referred to as a fidelity bond, crime coverage, and crime fidelity insurance.
What is covered?
Fidelity Guarantee as a stand-alone insurance policy will cover your company for:
- Forgery
- Alteration
- Unauthorised electronic fund transfer
- Credit card fraud
- Computer fraud
- Money order fraud
- Counterfeit fraud
What should you know?
Fidelity Guarantee Insurance covers a wide spectrum of fraud and theft. Therefore is essential for the insured to understand the limit and exclusion of such policy. Typically, would not be covered:
- Errors and Omissions
- Accounting Errors and Omissions
- Government seizure
- Theft and fraud by the policyholder
- Loss of income that would not be related to damage to the Property, theft of Money or Security
Last but not least, it can be extended to cover a third party like your client if they suffer the loss of money from one of your Employees Dishonesty inside thier premises.
LATEST PUBLICATIONS
All You Need to Know About Medical Malpractice Insurance
The medical industry is full of heroic professionals and is one of the world's most important industries. The medical and healthcare industry has changed the world with new knowledge and advanced treatments. The health care sector continues to rise to new challenges and cure diseases. Advancements in medicine and complex procedures have bought hope and trust in doctors and medical establishments. However, medical professionals and organisations also face increasing risks when carrying out their medical duties. They are the most hard-working professionals in the world, without a doubt. They study 7+ years to gain the title and power to [...]
Top 5 Types of Insurance Frauds and the Consequences
Insurance fraud occurs when someone deliberately lies to gain insurance benefits they are not entitled to. While most [...]
Retail Insurance: The Best Solution for SME Retailers
However you shop – we all constantly step into many retailers to purchase food, clothes, technology, or any [...]
How an SME Recovered from a Trojan Malware Attack?
Unfortunately, still in 2022, there is a growing number of cyber-attacks and breaches that keep affecting businesses globally. They [...]