Others insurance


Fidelity Guarantee Insurance Policy

 

This policy provides indemnity to the employer against monetary loss sustained by reason of any act of FORGERY, EMBEZZLEMENT, LARCENY or FRADULENT CONVERSION of money or goods of the employer.

 

The Policy is issued for a fixed period of one year but is extended to a DISCOVERY PERIOD as under:-

 

“Loss due to above but discovered within six calendar months of the expiry of the policy in case of death, dismissal or retirement of the employee, whichever of these events shall happen first”

 

POLICIES can be issued as under:-

 

  •  Named Individual Employee – Limit of Indemnity as agreed.
  • Group of Employees – Named Employees for Limit of Indemnity specified against each.
  • Floater or Floating Policy – Covers all employees on Employer’s roll upto a specified limit of annual indemnity for acts committed by anyone or all employees during the Policy Period (Employees may not be named).

 

SPECIAL FEATURES

 

  • Employer shall maintain and shall not change the systems of control, checking, reconciliation or accuracy of accounts and stocks dealt with by the employee.
  • Relationship of employee and employer must exist.
  • Upon discovery of any of the acts giving rise to a claim, the indemnity in respect of that particular employee shall come to an end.
  • Policies are issued for a determined geographical limit agreed for the places of employment.

 

EXCEPTIONS (List is not exhaustive. Please refer to main policy.)

 

  • Computer virus or programming errors.
  • Claims made with fraudulent intentions
  • Inventory and profit loss.
  • Consequential loss of any kind.
  • Loss of trade secrets or confidential information of any kind.
  • Any kind of professional liability.
  • Directors, Owners and Partners.
  • Any loss due to negligence
  • Non-payment or default of loans given to the employee.

 

How to purchase?

 

For detailed information,

Call toll free : 800(628873) - Ext 123

email: property@oicgulf.ae

 

How to purchase?

 

For detailed information,

Call toll free : 800(628873) - Ext 123

email: albert@oicgulf.aecustomercare@oicgulf.ae