Fidelity Guarantee
RISK COVERED:
Dishonesty
Fraud
Loss of property
Loss from loans or trading
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Extensions:
A change in circumstances or conditions of the given employment without company's consent
Losses arising outside KSA
Losses due to negligence and no monitoring and control
Losses by an act committed subsequently to an earlier act of dishonesty/fraud which had come to the notice of the insured party's representative/supervisor
Discovered more than 12 months after the termination of either the guarantee or the service of employee concerned
Caused by an employee after discovery of previous fraud or dishonesty
Inventory losses
Losses resulting directly or indirectly from trading securities in your name by means of a genuine or fake account
Consequential losses of any nature
Any form of legal liability
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Pre-requirement:
Broker of Record
Commercial Registration
Wassel /National Address
VAT Certificate
Breakdown List
3 years claims experience
A declaration letter if first time insurance
Proposal Form