Fidelity Guarantee Insurance

All Insurances covering loss by theft of burglary of property or cash exclude loss in which any of your employees are involved as principal or accessory.  We recommend that you take out this Insurance to cover the infidelity of your staff who are in key positions with valuable items and large sums of money entrusted to their care.  We advise that the following categories of employees should be covered:

  • Accountants
  • Storekeepers
  • Drivers

The sums insured for each person would represent the total amount you think such a person can be responsible for at any given time.  Defalcation by staff, even trusted ones has been known to occur and we therefore think you should avail yourselves of this protection.


Character Reference Clause: Kindly ensure that all employees to be insured under this policy have, at least, two satisfactory character references at the time of being employed.  Whoever is to handle goods or money should be someone whose previous employees can vouch for.  This is in compliance with the policy condition which stipulates that a minimum of two certified character references should be obtained prior to confirmation of the employee.


Please submit the following:

  1. Designations to be insured.
  2. Number of employees in each description

Amounts of guarantee for each designation

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