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Fidelity Guarantee

RISK COVERED:

 

Dishonesty

 

Fraud

 

Loss of property

 

Loss from loans or trading


  • 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

  • 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

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