Fidelity Guarantee Insurance?
- The number of employees who handle cash, valuables, or stocks and bonds.
- The employee's track record, standing, and reputation
- The systems in place for checking accounts
- General oversight of the employee
Fidelity Guarantee Insurance - Key Things to Remember
- An immediate financial loss is covered by the insurance, not a subsequent one.
- The loss should be of moneys or goods of the insured
- The act must be committed while the worker is performing his or her duties.
- The employee must be the one who steals the item.
- Losses caused by poor accounting are not reimbursable; they must be supported by evidence of dishonesty.
- Accountant/Accounting Staff
- Cashiers
- Store Keepers
