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Fidelity Guarantee Insurance
Introduction and General Underwriting Considerations
Fidelity guarantee insurance is the indemnity effected by employers against losses arising from the embezzlement, misappropriation or dishonesty of the employees. It is a simple method by which employees can furnish security to employers against loss through fraud or dishonesty and assist employees in securing positions of trust. The employer is insured and the employee is the guaranteed person but the contract of the insurance is between the employer and the cooperation.