Despite the best internal control measures in any corporate activity, mishaps like misappropriation and embezzlements by employees do take place. AWNIC’s unique product “Fidelity Guarantee Insurance Policy” is specially designed to protect employers of such exposures.
Employers should consider the following points while opting for Fidelity Guarantee Insurance.
- Number of employees handling cash, valuables or stocks & bonds
- Limits of exposures
- Employees’ status and credibility
The policy covers any loss caused due to any act(s) of Forgery or embezzlement, larceny &/or fraudulent conversion committed by an employee in the course of their duties.
The premium rate applied is on "Per Mille" basis (for every thousand units) on the aggregate limit of indemnity in addition to per capita.
Quotation will be offered on submission of a duly completed proposal form to the company. For further details please call us on our telephone or ask for a call back.