As a business owner, you are responsible for the conduct and actions of your employees. However, the handling of cash, goods, and company accounts can be fraught with problems despite your best efforts.
All businesses – both large and small – are at risk of fraud and employee dishonesty, and the effects can be far-reaching.
Should you consider Fidelity Guarantee Insurance?
Fidelity Guarantee Insurance is a policy designed to indemnify business owners in the event of theft, fraud, or other dishonest acts committed by their employees. It offers protection against financial loss.
What can Fidelity Insurance cover?
Fidelity Insurance does not guarantee employee honesty. However, should your business experience a direct financial loss as a result of a dishonest act by one of your employees, then this cover will provide protection against these losses as per your contract.
Actions such as:
- Misappropriation of funds
- Embezzlement or diversion of money
- Theft of money or property
Fidelity Insurance may include a single employee or a group of employees and the cover extends to direct pecuniary (measurable financial) losses only.
The type and extent of cover you choose will depend on your particular business. You may employ staff on a rotational basis and require a blanket cover over a particular department, or your needs may be more specific and dependent on position and responsibility.
CC&A Insurance Brokers offer a selection of insurance options for small businesses and large corporations. Our brokers are standing by to assist you in choosing the right cover for your unique needs.
If you would like to better understand how Fidelity Insurance can benefit you, we’d love to assist.
Please fill in the accompanying form and one of our professional brokers will contact you.
This information should not be considered legal or financial advice and is for information purposes only. You should consult with a professional financial advisor to determine what may be best for your individual needs.