Fidelity Guarantee Insurance safeguards employers against unforeseen losses on Forgery, Embezzlement (diversion of money to one’s use) and Fraudulent Conversion by employees. The objective is to protect against losses arising out of the default of an individual acting in some capacity such as Cashier, Accountant, Storekeeper, etc. During the period of policy and the uninterrupted continuance of the employment in the service of the insured.
The indemnity provided equals the amount of money lost, or the value of stock in trade up to the sum insured's ceiling and applicable against the employee's name, both for an individual and collective policy.
At GlobeSecure, we possess the expertise of constructing your policies against such losses. We understand your business and have extensive experience in tailoring such coverage to meet our clients' exact needs.
