Fidelity Guarantee Insurance indemnify for direct financial losses as a result of fraudulent or dishonest acts of all covered persons whilst acting in his designated capacity during the period covered subject to the limit set forth in the policy schedule.
This class of business shall not be written on a standalone basis. Collateral business for the same insured is a prerequisite.
1) Name of Assured
3) Nature of Business
4) List of Regular Employees to be covered
– Name of regular employees
– Date of Employment
– Length of Service
– Amount Guaranteed
5) Audit Controls and Supervision undertaken (Please also indicate if deposits are made daily)
6) Period of Insurance
7) Loss Experience