Fidelity Guarantee Insurance

Fidelity Guarantee Insurance - Lion Assurance insurance and cover products

What is the Fidelity Guarantee Cover?

This policy covers the insured for loss of money or stores/stocks as a result of misappropriation by a member of staff.

Here is a summary of what it can cover*

Against loss of money or negotiable instruments, or goods or property belonging to the Insured or for which the Insured is legally liable directly resulting from any act of fraud, dishonesty and/or infidelity of employees during currency of the Policy.

* Terms and conditions apply.

This policy does not cover the following*

  • War and related risks
  • Shortages due to clerical or accounting errors
  • Any consequential loss of any kind
  • Any loss by an employee from the time the Insured shall become aware that such employee has committed any fraud or dishonesty
  • Losses arising from non-payment of or default
  • Failure to install, observe and maintain checks, controls and precautions as advised in proposal form

* Terms and conditions apply.

This policy requires the following*

  • Install, enforce, and observe all precautions, checks, audits and controls to prevent loss and check accuracy of accounts at all times
  • Have regular audits by internal and external auditors
  • Report all cases of fraud or dishonesty to police
  • Assist Police and/or courts of law in prosecution of suspects

* Terms and conditions apply.