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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: