Fidelity Guarantee Insurance
Fidelity Guarantee Insurance is an insurance to indemnify the employer against any direct pecuniary loss that he may sustain through acts of fraud or dishonesty by an employee in the course of employment. The object is to provide protection in respect of the default of an individual acting in some capacity such as Cashier, Accountant, and Store-keeper etc. The cover may be required in respect of a single employee or a number of employees. The rate charged depends upon the status and length of service of the employees.