The desire for wealth can change the attitude of human beings. It induces malicious intention in any person and it cannot be judged by their behavior.
When huge sums of money are being handled by employees, there is always a risk of it being misappropriated or embezzled. Business can suffer huge losses by this kind of infidelity risks
Scope of Cover
The policy covers the employer in respect of any direct financial loss sustained as a result of fraud and dishonesty of his employees who are named in the Policy and committed by them in the course of their employment for their financial gain.
The Fidelity Guarantee Policy is recommended not only in respect of employees dealing with Cash/Accounts such as Finance Managers, Cashiers, Accountants, etc. but also those who are responsible for stocks such as Salesmen, Storekeepers, etc
