Fidelity Guarantee Insurance safeguards employers against unforeseen losses on account of Forgery, Embezzlement (diversion of money to one’s use) and Fraudulent Conversion by employees. The objective is to provide protection against losses arising out of the default of an individual acting in some capacity such as Cashier, Accountant and Storekeeper etc. during the period of policy and the uninterrupted continuance of the employment in the service of the insured.
The indemnity provided equals to the amount of money lost or the value of stock in trade up to the limit of the sum insured and applicable against the name of the employee, both for an individual and collective policy.
At UNISON 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 the exact needs of our clients.