Fidelity Guarantee Insurance

This class of business provides insurance against loss of money or money’s worth of goods by reason of the dishonesty of persons holding positions of trust in a company, especially staff holding company cash or stocks.


Cover can be arranged either by itemizing the names of employees to be insured, and by this arrangement the underwriters have the opportunity of investigating the character of the persons under consideration and demand the submission of guarantors as condition precedent to assumption of risks. This arrangement usually attracts very low rate as opposed to a widely used arrangement based on Unnamed/Position basis.