Despite having the best internal control measures in any corporate activity, mishaps like misappropriation and embezzlements by employees do take place.
The Fidelity Guarantee Insurance Policy is especially designed to protect employers against such exposures.
The policy covers any loss caused due to any act(s) of Forgery or embezzlement, larceny &/or fraudulent conversion committed by an employee during the course of their duties.
- Unexplained losses
- War, sabotage and terrorism
Period of Insurance
The coverage is usually provided for a period of one year.
The policy may have a monetary deductible applicable to each and every loss
Premium rates are based on:
- Number of employees handling cash, valuables or stocks & bonds
- Limits of exposures
- Employees’ status and credibility
- Internal checks and control procedures of the assured
- Management and operational standards
Please note that for the easy understanding of the insurance policy, we have highlighted the important aspects. We will be glad to receive your queries and discuss the full set of policy terms, conditions and exclusions.
For more information, please contact Nasco Gulf at +971 4 351 8610.
You must alert us of any accident that may lead to a claim covered under the policy, and our team of experts will assist you in the quick settlement of the claim.
Call us as soon as possible, in case of an accident, and our team of experts will guide you through the claim process. For more information, please contact Nasco Gulf at +971 4 351 8610