Fidelity Guarantee Insurance (Employee Dishonesty Insurance)

What is Covered

The policy covers direct financial losses suffered by an employer due to dishonest or fraudulent acts committed by employees during the course of their employment. This includes theft of cash, stock, or securities, embezzlement, forgery, and fraudulent fund transfers. Coverage can be structured on a named employee basis, position basis, or blanket basis across the organization. Claims are usually triggered upon discovery of the act within the policy or discovery period.

Who Should Buy

Banks, NBFCs, FinTechs, Retail chains, jewellery and gold traders, Logistics firms, warehousing companies, Companies handling sensitive data or high-value goods

Key Features

• Covers named or blanket employees
• Protection against theft of money, goods, securities
• Can include electronic fraud and fund transfer manipulation
• Ideal for businesses with cash handling or sensitive roles
• Optional extension for social engineering fraud (with crime cover)