Employees who are exposed to cash and valuable stock are tempted into fraud/stealing. For some, the temptation can be too great not to steal these assets or misuse them in a way that is against the law.
Employers and entrepreneurs undergo a great financial loss due to dishonest employees thus a fidelity guarantee policy indemnifies the employer against all direct pecuniary financial loss or frauds incurred by the employee. It usually insures a business for losses caused by the dishonest acts of its employees It is thus advised for employers and entrepreneurs to protect themselves from the same by partaking a fidelity guarantee policy.
The beneficiary of this policy is the insured and not a third party.
Should one of your employees commit theft, fraud or dishonesty towards your company, our Fidelity Guarantee insurance will protect you by compensating you for any direct financial losses that result from acts of dishonesty by your employees.
Information required includes but is not limited to; names of employees, their designation, and the limit required to be covered in respect of each employee.
Documents required to undertake the policy
- Proposal form
- Certificate of Incorporation
- KRA Pin and National ID