Home Miscellaneous Fidelity Guarantee Insurance
Provides cover to the insured against losses committed

by their employees

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The policy provides cover to the insured againstlosses committed by theiremployees, whilst in the course of duties as a result of any act of forgery, embezzlement, larceny and fraudulent conversion of monies or goods that are under their custody.

Fidelity Guarantee Insurance is a type of insurance policy that provides coverage against financial losses caused by fraudulent or dishonest acts committed by employees. This type of insurance policy is especially important for businesses in the UAE that rely on their employees to handle money or valuable assets. Here are some key points about Fidelity Guarantee Insurance in the UAE:

Ans: Any business that has employees handling cash, securities, or other valuable assets should consider getting Fidelity Guarantee Insurance. This includes banks, financial institutions, retail stores, and other businesses that have employees with access to valuable assets.
Ans: Fidelity Guarantee Insurance policies in the UAE typically provide coverage for losses due to employee dishonesty, embezzlement, forgery, or other fraudulent acts. The coverage can also include losses due to computer fraud, social engineering scams, and other cyber risks that result in financial losses.
Ans: The amount of coverage you need for your business depends on the level of risk involved and the value of the assets being protected. It is important to work with an experienced insurance provider, like Al Buhaira Insurance, to determine the appropriate amount of coverage for your specific business needs.
Ans: When selecting an insurance provider for Fidelity Guarantee Insurance in the UAE, it is important to choose a reputable company with experience in providing coverage to businesses that have employees handling valuable assets. The policy should provide comprehensive coverage with competitive premiums and include provisions for protecting against new and emerging risks in the financial industry.
Ans: In the event of a loss, you should contact your insurance provider immediately to report the incident and initiate the claims process. The insurance company will then investigate the claim and work with you to determine the appropriate settlement amount based on the terms of your policy. It is important to have clear documentation of the loss and any evidence of fraudulent or dishonest activity by the employee.
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