- Covers businesses for losses due to the dishonesty and fraudulent acts of its employees.
There are many different aspects that go into making a business successful. Among these things are the management of the executive team, the financial backing and the economic climate. At the heart of a business, however, are the people that make it work. When we hire our employees, we trust in their loyalty and dedication. Unfortunately, sometimes this trust is misplaced. Regardless of the reasons behind it, dishonesty in employees can sometimes lead to serious financial loss and damage.
This type of insurance indemnifies the Insured or Employer against any financial loss which the Insured may suffer resulting from any fraudulent or dishonest act or acts committed by its regular or permanent employees.
- Mysterious disappearance or unexplained losses.
- Shortage due to error and omission.
- Duly accomplished application form.
- Auditing procedures.
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